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Preprints, Working Papers, ... Year : 2012

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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hal-03461075 , version 1 (01-12-2021)

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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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