Consumption amenities and city crowdedness
By: Jordan Rappaport
Contributors: Federal Reserve Bank of Kansas City. Research Division
Series: RWP -- 06-10
Publisher: Research Division, Federal Reserve Bank of Kansas City
Published: 2006
Place of publication: Kansas City [Mo.]
Language: eng
Format: [electronic resource] /
Description: Crowdedness varies widely among U.S. cities. A simple, static general equilibrium model suggests that plausible differences in metro areas' consumption amenities can account for much of the observed variation. Under a baseline calibration, differences in amenities valued at 30 percent of average consumption expenditures suffice to support a twenty-fold difference in population density. Empirical results confirm that amenities help support crowdedness and suggest that they are becoming a more important determinant of where people choose to live. But for the moment, local productivity appears to be the more important cause of local crowdedness.
Notes: Title from PDF file (viewed on Sept. 27, 2006).

"August 2006."

Includes bibliographical references.

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