Supply Constraints and Housing Prices

dc.contributor.author	Aura, Saku, 1971-	eng
dc.contributor.author	Davidoff, Thomas	eng
dc.date.issued	2006	eng
dc.description.abstract	This paper analyzes the effects of land use constraints on housing prices. We provide a new framework for evaluating policy when mobility across regions is allowed but limited. A key result is that loosening regulatory constraints within individual regions would have little effect on prices for plausible parameterizations. For example, we show reasonable conditions under which, even if every building in Manhattan were 100 stories tall, prices would fall by less than 15 percent.	eng
dc.identifier.citation	Department of Economics, 2006	eng
dc.identifier.uri	http://hdl.handle.net/10355/2611	eng
dc.publisher	Department of Economics	eng
dc.relation.ispartof	Economics publications	eng
dc.relation.ispartofcommunity	University of Missouri-Columbia. College of Arts and Sciences. Department of Economics	eng
dc.relation.ispartofseries	Working papers (Department of Economics);WP 06-07	eng
dc.rights	OpenAccess.	eng
dc.rights.license	This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.source.uri	http://economics.missouri.edu/working-papers/2006/wp0607_aura.pdf	eng
dc.subject	housing supply	eng
dc.subject	housing markets	eng
dc.subject	regulatory policies	eng
dc.subject	land use patterns	eng
dc.subject.lcsh	Housing -- Prices	eng
dc.subject.lcsh	Land use	eng
dc.title	Supply Constraints and Housing Prices	eng
dc.type	Working Paper	eng

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