The Cost of Agglomeration: Land Prices in Cities

Pierre-Philippe Combes, Gilles Duranton and Laurent Gobillon

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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.

Keywords: Agglomeration; Land Prices; Land Use and Urban Costs (search for similar items in EconPapers)
Date: 2012-12-01
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Related works:
Working Paper: The Cost of Agglomeration: Land Prices in Cities (2019)
Working Paper: The Cost of Agglomeration: Land Prices in Cities (2019)
Working Paper: The Cost of Agglomeration: Land Prices in Cities (2019)
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