Resource title

Supply constraints and housing prices

Resource image

image for OpenScout resource :: Supply constraints and housing prices

Resource description

This paper analyzes the effects of land use constraints on housing prices. We provide a new framework for evaluating policy when mobility across regions is allowed but limited. A key result is that loosening regulatory constraints within individual regions would have little effect on prices for plausible parameterizations. For example, we show reasonable conditions under which, even if every building in Manhattan were 100 stories tall, prices would fall by less than 15 percent.

Resource author

Saku Aura, Thomas Davidoff

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25783

Resource license

Adapt according to the presented license agreement and reference the original author.