The ‘Flock’ Phenomenon of the Sydney Lockout Laws: Dual Effects on Rental Prices

Perks, G; Maruyama, S

The ‘Flock’ Phenomenon of the Sydney Lockout Laws: Dual Effects on Rental Prices

Perks, G Maruyama, S

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Publication Type:: Journal Article
Citation:: Economic Record, 2017, 93 (303), pp. 517 - 532
Issue Date:: 2017-12-01

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Field	Value	Language
dc.contributor.author	Perks, G	en_US
dc.contributor.author	Maruyama, S https://orcid.org/0000-0003-2945-7437	en_US
dc.date.available	2020-05-25T19:05:24Z
dc.date.issued	2017-12-01	en_US
dc.identifier.citation	Economic Record, 2017, 93 (303), pp. 517 - 532	en_US
dc.identifier.issn	0013-0249	en_US
dc.identifier.uri	http://hdl.handle.net/10453/124482
dc.description.abstract	© 2017 Economic Society of Australia Geographically targeted crime control is a controversial attempt to alleviate crime, which risks the displacement of crime into neighbouring areas. The 2014 Sydney lockout laws have decreased the nightlife economy and violence in the entertainment districts, having displaced them into neighbouring areas. We investigate the effect of the Sydney lockout laws on rental prices in the displacement areas, and find a relatively weak and short-lived negative effect on small dwellings and a persistent positive effect on large dwellings. Our results indicate the long-term positive effect of the lockout laws on the land value of surrounding areas, despite reported crime displacement.	en_US
dc.relation.ispartof	Economic Record	en_US
dc.relation.isbasedon	10.1111/1475-4932.12358	en_US
dc.subject.classification	Economics	en_US
dc.title	The ‘Flock’ Phenomenon of the Sydney Lockout Laws: Dual Effects on Rental Prices	en_US
dc.type	Journal Article
utslib.citation.volume	303	en_US
utslib.citation.volume	93	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	open_access
pubs.issue	303	en_US
pubs.publication-status	Published	en_US
pubs.volume	93	en_US

Abstract:

© 2017 Economic Society of Australia Geographically targeted crime control is a controversial attempt to alleviate crime, which risks the displacement of crime into neighbouring areas. The 2014 Sydney lockout laws have decreased the nightlife economy and violence in the entertainment districts, having displaced them into neighbouring areas. We investigate the effect of the Sydney lockout laws on rental prices in the displacement areas, and find a relatively weak and short-lived negative effect on small dwellings and a persistent positive effect on large dwellings. Our results indicate the long-term positive effect of the lockout laws on the land value of surrounding areas, despite reported crime displacement.

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http://hdl.handle.net/10453/124482