What are cities worth?
Subtitle: land rents, local productivity, and the capitalization of amenity values
By: David Albouy.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 14981; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14981.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Estimates of local land rents and firm productivity from wage and housing-cost data should incorporate parameters from the housing production function.  Across cities, differences in amenity values are capitalized into the sum of local land values and federal-tax payments.  Improved modeling is used to predict how amenities affect wages and housing costs, estimate quality-of-life and firm-productivity differences across U.S.  cities, and revise estimates of the value of public-infrastructure investments.  Private land values vary mainly from quality-of-life differences, while social land values vary mainly from firm-productivity differences.  Highly valuable cities are typically coastal, temperate, sunny, and have large or well-educated populations"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/23/2009.

Includes bibliographical references.

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Mode of access: World Wide Web.