The costs of agglomeration: House and land prices in French cities

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...

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Bibliographic Details
Main Authors: Combes, P.-P (Author), Duranton, G. (Author), Gobillon, L. (Author)
Format: Article
Language:English
Published: Oxford University Press 2019
Subjects:
Online Access:View Fulltext in Publisher
LEADER 01685nam a2200361Ia 4500
001 10.1093-restud-rdy063
008 220511s2019 CNT 000 0 und d
020 |a 00346527 (ISSN) 
245 1 0 |a The costs of agglomeration: House and land prices in French cities 
260 0 |b Oxford University Press  |c 2019 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1093/restud/rdy063 
520 3 |a 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. © The Author(s) 2018. 
650 0 4 |a agglomeration 
650 0 4 |a Agglomeration 
650 0 4 |a capital city 
650 0 4 |a cost analysis 
650 0 4 |a demand elasticity 
650 0 4 |a France 
650 0 4 |a House prices 
650 0 4 |a Ile de France 
650 0 4 |a land market 
650 0 4 |a Land prices 
650 0 4 |a land use 
650 0 4 |a Land use 
650 0 4 |a Paris 
650 0 4 |a Urban costs 
650 0 4 |a urban economy 
650 0 4 |a urban growth 
650 0 4 |a Ville de Paris 
700 1 |a Combes, P.-P.  |e author 
700 1 |a Duranton, G.  |e author 
700 1 |a Gobillon, L.  |e author 
773 |t Review of Economic Studies