Skyscraper Height

Jason Barr

The Journal of Real Estate Finance and Economics, 2012, vol. 45, issue 3, 723-753

Abstract: This paper investigates the determinants of skyscraper height. First a simple model is provided where potential developers desire not only profits but also social status. In equilibrium, height is a function of both the costs and benefits of construction and the heights of surrounding buildings. Using data from New York City, I empirically estimate skyscraper height over the 20th century. Via spatial regressions, I find evidence for height competition, which increases during boom times. In addition, I provide estimates of which buildings are economically “too tall” and by how many floors. Copyright Springer Science+Business Media, LLC 2012

Keywords: Skyscrapers; Building height; Status; New York City; D44; N62; R33 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (11)

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DOI: 10.1007/s11146-010-9274-z

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