The long-term price elasticity of supply of housing is a key factor determining the growth rates of housing prices and … housing supply as the city grows. Therefore, the housing supply elasticity has considerable influence on the competitiveness … regional variation in the supply elasticity of housing within the U.S. The literature further shows that the supply elasticity …

observed substantial rise of both food and energy prices at the world stock markets. However, the income of farmers did not … cities (and we observe this tendency globally). Any change in those prices results in suboptimality of existing spatial …