Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space. This condition implies that research on cities is different from research on countries, and that work on places…
Urban Economics
In this subdiscipline:
7,814 papers
Popular papers
-
-
Spatial wage disparities can result from spatial differences in the skill composition of the workforce, in non-human endowments, and in local interactions. To distinguish between these explanations, we estimate a model of wage determination across…
-
Catastrophic events such as oil spills, hypoxia, disease, and major predation events occur in marine ecosystems and affect fish populations. Previous evaluations of the performance of spatial management alternatives have not considered catastrophic…
-
This paper examines how urbanization is accommodated by increases in numbers and in sizes of cities. Political institutions play a key role. Estimation uses a worldwide data set on all metro areas over 100,000 from 1960 to 2000. The degree of…
-
Quantile hedonic house price function estimates imply that appreciation rates were higher between 1995 and 2005 for high-priced homes in Chicago. Decompositions of temporal changes in the house price distribution suggest that the types of homes sold…
-
A computable general equilibrium model of urban land use is developed with land allocated to houses, production, and roads. Traffic congestion and employ- ment location are endogenous. Consumers choose job and home locations and want to shop…
-
More than 19 percent of people in American central cities are poor. In suburbs, just 7.5 percent of people live in poverty. The income elasticity of demand for land is too low for urban poverty to come from wealthy individuals' wanting to live where…
-
We reconsider the identification and estimation of Gorman-Lancasterstyle hedonic models of demand for differentiated products in the spirit of Sherwin Rosen. We generalize Rosens first stage to account for product characteristics that are not…
-
Industries' locations are affected by a wide range of natural advantages. About 20 percent of observed geographic concentration can be explained by a small set of advantages. However, nothing in the authors' model can explain why there is no…
-
This paper develops microfoundations for the role that diversified cities play in fostering innovation. A simple model of process innovation is proposed, where firms learn about their ideal production process by making prototypes. We build around…
-
Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase reflects the increasing difficulty of obtaining…
-
-
To explain the large differences in labor productivity across U.S. states we es- timate two models-one based on local geographical externalities and the other on the diversity of local intermediate services-where spatial density results in aggregate…
-
The conventional wisdom that homeownership is very risky ignores the fact that the alternative, renting, is also risky. Owning a house provides a hedge against fluctuations in housing costs, but in turn introduces asset price risk. In a simple model…
-
Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model of housing…
-
Although the productivity gains of urban agglomeration economies are generally found to be positive. there is a great deal of variability in the maenitude of reported estimates. This paper undertakes a quantitative review of the empirical literature…
-
Land prices in west Los Angeles are among the highest in the U.S. Yet, one can observe a number of vacant lots and grossly underutilized land in this area. The fact that investors choose to keep valuable land vacant or underutilized for prolonged…
-
A Melitz-style model of monopolistic competition with heterogeneous firms is integrated into a simple new economic geography model to show that the standard assumption of identical firms is neither necessary nor innocuous. We show that relocating to…
-
This paper uses a micro data set on auxiliary establishments from 1977 to 1997 in order to investigate the determinants of headquarter agglomerations and the underlying economic base of many larger metro areas. The significance of headquarters in…
-
Sign up today - FREE
Mendeley saves you time finding and organizing research. Learn more
- All your research in one place
- Add and import papers easily
- Access it anywhere, anytime
Start using Mendeley in seconds!
Active members
-
Senior Lecturer -
Student (Master)Seoul, South Korea
-
Assistant ProfessorUniversity of Michigan
-
Student (Master) -
ProfessorFudan University