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I found an article that estimated the network effects of a network transit system by examining the impact it had on housing prices. When looking
I found an article that estimated the network effects of a network transit system by examining the impact it had on housing prices. When looking at the mean housing price, the expansion increased the value of the apartment by 9% of the cost of the expansion. Would the use of the median housing price accurately capture the percent of increase of value caused by the transit system expansion? What would be the benefit? Please explain.
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