SKYSCRAPERS AND SKYLINES: NEW YORK AND CHICAGO, 1885–2007
Jason Barr
Journal of Regional Science, 2013, vol. 53, issue 3, 369-391
Abstract:
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This paper investigates skyscraper competition between New York City and Chicago. The urban economics literature is generally silent on strategic interaction between cities, yet skyscraper rivalry between these cities is a part of U.S. historiography. This paper tests whether there is, in fact, strategic interaction across cities. First, I find that each city has positive reaction functions with respect to the other city, suggesting strategic complementarity. In regard to zoning, I find that height regulations negatively impacted each city, but produced positive responses by the other city, providing evidence for strategic substitutability.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:53:y:2013:i:3:p:369-391
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