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The Cost of Agglomeration: Land Prices in Cities

Abstract : We develop a new methodology to estimate the elasticity of urban costs with respect to city population using French land price data. Our preferred estimate, which handles a number of estimation concerns, stands at 0.041. Our approach also yields a number of intermediate outputs of independent interest such as a distance gradient for land prices and the elasticity of unit land prices with respect to city population. For the latter, our preferred estimate is 0.72.
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https://hal-sciencespo.archives-ouvertes.fr/hal-03461075
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Submitted on : Wednesday, December 1, 2021 - 11:22:29 AM
Last modification on : Saturday, March 26, 2022 - 3:46:06 AM

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Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon. The Cost of Agglomeration: Land Prices in Cities. 2012. ⟨hal-03461075⟩

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