What Are Cities Worth? Land Rents, Local Productivity, and the Total Value of Amenities

By David Albouy. Review of Economics and Statistics, 2016

193 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/69de1be1557babf701c8e02956257448e8dcd3a8

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In Economics and Econometrics

Citations in the corpus

The Donut Effect of Covid-19 on Cities (2021, unknown): “Previous papers have also examined how productivity spillovers and amenities lead to clustering in cities, especially of skilled workers (e.g. Albouy 2016, Diamond 2016, and Gyouko, Mayer and Sinai 2013).”
Testing for Information Asymmetries in Real Estate Markets (2015, unknown): “This is because in the long-run it is the land rather than the structure that capitalizes neighborhood amenities (e.g. Arnott and Stiglitz, 1979; Davis and Heathcote, 2007; Albouy, 2009).”
Does Climate Change Affect Real Estate Prices? Only If You Believe In It (2020, unknown): “The former are based on the model of Albouy (2016), and the latter are variables such as income, temperature, population, latitude, education, and elevation taken from table IV of Albouy (2016).”
What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States (2017, unknown): “1Albouy (2015) provides a comprehensive discussion of the connection between deductibility and spatial equilibrium.”
Beautiful city: Leisure amenities and urban growth (2019, methodology): “In Figure 3, we display the relationship between the crowdsourced proxy for attractiveness—based on granular density of Internet pictures and residualized using log population—and the estimates of urban QOL estimates in 2000 by metro area as estimated by Albouy (2016). The line follows the best‐fit ”
A New Spatial Hedonic Equilibrium in the Emerging Work-from-Home Economy? (2021, methodology): “We source these key variables from Albouy (2015), who builds a Rosen-Roback model to generate hedonic estimates of QOL and productivity at the metropolitan statistical area (MSA) level.”
Flattening the Curve: Pandemic-Induced Revaluation of Urban Real Estate (2021, background): “Albouy (2016) interprets the urban land premium in the context of local productivity, rents, and amenity values, building on the influential spatial equilibrium approach of Rosen (1979) and Roback (1982).”