全球智库信息集成服务系统(G2TT): DP16371 Local Retail Prices, Product Varieties and Neighborhood Change

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16371
	DP16371 Local Retail Prices, Product Varieties and Neighborhood Change
	Fernando Borraz; Felipe Carozzi; Nicolas Gonzalez-Pampillon; Leandro Zipitria
发表日期	2021-07-19
出版年	2021
语种	英语
摘要	We study how differences in retail prices within a city are affected by changes in local housing markets. Our empirical strategy is based on an exogenous shift in the spatial distribution of construction activity induced by a large-scale, place-based tax exemption in the city of Montevideo. We provide differences-in-differences and instrumental variable estimates showing that the price of retail goods decreases in areas within the city that experience more residential development. We use a multi-product model of imperfect competition to relate this change to an expansion in either product varieties or firm entry. We report evidence in support of the varieties channel, with new development causing an increase in varieties available locally. Our results have implications for urban planning policy and the broader discussion about winners and losers from neighborhood change.
主题	International Trade and Regional Economics
关键词	Retail prices Housing supply Neighborhood change
URL	https://cepr.org/publications/dp16371
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/545334
推荐引用方式 GB/T 7714	Fernando Borraz,Felipe Carozzi,Nicolas Gonzalez-Pampillon,et al. DP16371 Local Retail Prices, Product Varieties and Neighborhood Change. 2021.