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What Are Cities Worth? Land Rents, Local Productivity, and the Capitalization of Amenity Values

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NBER2009-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14981
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资源简介:
This article examines and quantifies the relationship between local amenities and prices in an equilibrium model, demonstrating the role of non-traded goods and federal taxes. I derive formulae using factor shares to infer local land rents, productivity, and the total value of amenities from wage
提供机构:
美国国家经济研究局
创建时间:
2009-05-01
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