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Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium...
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Finn E. Kydland and Edward C. Prescott (1991), 'Hours and Employment Variation in Business Cycle Theory', Economic Theory, 1 (1), January, 63-81 -- David K. Backus, Patrick J. Kehoe and Finn E. Kydland (1992), 'International Real Business Cycles', Journal of Political Economy, 100 (4), August,...
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