Urban growth and housing supply
By: Edward L. Glaeser, Joseph Gyourko, Raven E. Saks.
Contributors: Gyourko, Joseph E., 1956-; Saks, Raven E.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11097; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11097.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Housing -- Mathematical models.; Housing -- Prices -- Mathematical models.; Cities and towns -- Growth -- Mathematical models.; Urban economics -- Mathematical models.
Description: "Cities are physical structures, but the modern literature on urban economic development rarely acknowledges that fact.  The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes.  In this paper, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development.  Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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