The Costs of Agglomeration: Land Prices in French Cities

Pierre-Philippe Combes, Gilles Duranton and Laurent Gobillon

No 7027, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: urban costs; land prices; land use; agglomeration (search for similar items in EconPapers)
JEL-codes: R14 R21 R31 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2012-11
New Economics Papers: this item is included in nep-agr, nep-eff, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (55)

Published - published in: Review of Economic Studies, 2019, 86(4), 1556-1589

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https://docs.iza.org/dp7027.pdf (application/pdf)

Related works:
Working Paper: The Costs of Agglomeration: Land Prices in French Cities (2013)
Working Paper: The Costs of Agglomeration: Land Prices in French Cities (2013)
Working Paper: The Costs of Agglomeration: Land Prices in French Cities (2012)
Working Paper: The Costs of Agglomeration: Land Prices in French Cities (2012)
Working Paper: The Costs of Agglomeration: Land Prices in French Cities (2012)
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