| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12351 |
| DP12351 Tall Buildings and Land Values: Height and Construction Cost Elasticities in Chicago, 1870 – 2010 | |
| Gabriel Ahlfeldt; Daniel McMillen | |
| 发表日期 | 2017-10-04 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Cities around the world are experiencing unprecedented vertical growth. Yet, the economics of skyscrapers remain empirically understudied. This paper analyzes the determinants of the urban height profile by combining a micro-geographic data set on tall buildings with a unique panel of land prices covering 140 years. We provide novel esti-mates of the land price elasticity of height, the height elasticity of construction cost, and the elasticity of substitution between land and capital for tall buildings. In line with improvements in construction technology, the land price elas-ticity of height increased substantially over time, rationalizing a trend to ever taller buildings. The land price elasticity of height is larger for commercial than for residential buildings, suggesting that the typical segregation of land uses within cities is not exclusively shaped by the demand side, but also by the supply side. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Chicago Construction cost Density Height Land value Skyscraper |
| URL | https://cepr.org/publications/dp12351 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541161 |
| 推荐引用方式 GB/T 7714 | Gabriel Ahlfeldt,Daniel McMillen. DP12351 Tall Buildings and Land Values: Height and Construction Cost Elasticities in Chicago, 1870 – 2010. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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