The Cost of Agglomeration: Land Prices in Cities
Pierre-Philippe Combes
- Fonction : Auteur
- PersonId : 16106
- IdHAL : pierre-philippe-combes
- ORCID : 0000-0001-7935-7149
- IdRef : 034631100
Laurent Gobillon
- Fonction : Auteur
- PersonId : 743074
- IdHAL : laurent-gobillon
- ORCID : 0000-0003-4849-7397
- IdRef : 105651346
Résumé
We develop a new methodology to estimate the elasticity of urban costs with respect to city population using French house and land price data. After handling a number of estimation concerns, we find that the elasticity of urban costs increases with city population with an estimate of about 0.03 for an urban area with 100,000 inhabitants to 0.08 for an urban area of the size of Paris. Our approach also yields a number of intermediate outputs of independent interest such as the share of housing in expenditure, the elasticity of unit house and land prices with respect to city population, and within-city distance gradients for house and land prices.
Domaines
Economies et financesFormat du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
The Cost of Agglomeration: Land Prices in Cities
|
Résumé |
en
We develop a new methodology to estimate the elasticity of urban costs with respect to city population using French house and land price data. After handling a number of estimation concerns, we find that the elasticity of urban costs increases with city population with an estimate of about 0.03 for an urban area with 100,000 inhabitants to 0.08 for an urban area of the size of Paris. Our approach also yields a number of intermediate outputs of independent interest such as the share of housing in expenditure, the elasticity of unit house and land prices with respect to city population, and within-city distance gradients for house and land prices.
|
Auteur(s) |
Pierre-Philippe Combes
1, 2
, Gilles Duranton
3
, Laurent Gobillon
4, 5
1
ECON -
Département d'économie (Sciences Po)
( 226874 )
- 28 rue des Saints-Pères - 75007 Paris
- France
2
GATE Lyon Saint-Étienne -
Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne
( 102550 )
- 93, chemin des Mouilles 69130 Écully
6, rue Basse des Rives 42023 Saint-Étienne cedex 02
- France
3
The Wharton School
( 90436 )
- Philadelphia
- États-Unis
4
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
5
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Audience |
Non spécifiée
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Numéro |
4
|
Page/Identifiant |
pp. 1556-1589
|
Nom de la revue |
|
Date de production/écriture |
2018-10-01
|
Date de publication |
2019-07
|
Date de publication électronique |
2018-10
|
Volume |
86
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Référence interne |
|
Mots-clés |
en
Urban costs, House prices, Land prices, Land use, Agglomeration
|
DOI | 10.1093/restud/rdy063 |
Spire (Sciences Po) | 2441/6bmhhi42888fj8hn1okddaqsab |
Fichier principal
2018-pierre-philippe-combes-the-cost-of-agglomeration-land-prices-in-cities.pdf ( 1.28 Mo
)
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