Why Is Manhattan So Expensive? Regulation and the Rise in Housing Prices*

By Edward L. Glaeser, Joseph Gyourko, Raven E. Saks. Journal law and economy, 2005

663 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fe820a28d0447a00a7e5ff8b434eb8fe4e3dba1f

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In Economics and Econometrics

Citations in the corpus

On the origins of land use regulations: theory and evidence from us metro areas (2013, neutral): “This accords well with Glaeser et al. (2005a), who find that the regulatory tax is highest in Manhattan and in the Bay area (exceeding 50% of house values), while they find no evidence for a regulatory tax in places such as Pittsburgh or Detroit.”
Why Has Regional Convergence in the U.S. Stopped (2012, neutral): “Second, Glaeser et al. (2008) shows convincing evidence that the income elasticity of plot size is far below 1.”
Supply Constraints and Housing Market Dynamics (2013, background): “…in construction and house price levels across metropolitan areas are due to differences in regulation and community opposition to new construction, rather than shortages of land or higher building costs (Glaeser, Gyourko and Saks 2005a, Quigley and Raphael 2005, Mayer and Somerville 2000).”
Land use regulations and the value of land and housing: An intra-metropolitan analysis (2014, result): “The results are consistent with early evidence by Glaeser et al. (2005), who document the impact of development restrictions on condominium prices in New York City, and Quigley and Raphael (2005), who show that stringent regulations are associated with higher housing prices across California.”
When Do Renters Behave Like Homeowners? High Rent, Price Anxiety, and NIMBYism (2018, background): “S ince 1970, housing prices in the top quintile of theprice distribution have dramatically increased,with real prices doubling in New York City and Los Angeles while nearly tripling in San Francisco (Glaeser and Gyourko 2018; Glaeser, Gyourko, and Saks 2005a).”
Towards a system of open cities in China: Home prices, FDI flows and air quality in 35 major cities (2009, result): “Our findings are consistent with the results from the United States literature (Glaeser et al., 2005).”
The Growth of Cities (2013, neutral): “LeRoy and Sonstelie (1983) and Glaeser et al. (2008), among others, argue that the transportation technologies and their relative costs are also a major driver of where rich and poor residents live within cities. We do not address this last set of issues here. 3 These models derive from a common anc”