We examine the effect of a large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth. We present a simple model to illustrate how this annexation may affect firm entry decisions and in turn land market outcomes. Using nationwide data...

We propose an urban land use model to discuss the conversion of customary agricultural land to formal and informal residential land in a developing country city. Because customary land sales are insecure, migrant buyers face a risk of eviction, which affects land markets in non-trivial ways....

The field of ‘Urban Economics’ is an elusive object, whose US-based origins and internationalization we attempt to track in this paper. The most stable and distinctive object associated with the term ‘urban economics’ is the Alonso-Muth-Mills model. We thus reconstruct the field through...

Since 1993, the Ethiopian government has been using the urban land leasing system to monetize the increase in land value created due to factors other than private investment. Thus, this paper aims to explore and understand whether Bahir Dar city is leveraging the urban land lease system as a...

This paper develops a new approach to estimate the value of urban land. We extend AMM theory by adding the assumption of partial irreversibility. Bundled goods assumptions imply that land value with a structure can evolve differently than as-if vacant value, even in the first decades of...

With shrinking cities becoming a global issue, declining housing demands due to declining population leads to a reduction in land prices. Housing asset value decline occurs mainly in suburbs, which has an economic effect on elderly households. Although some issues have already been indicated, it...

Who will benefit and who will lose from a permanent increase in working from home (WFH)? This paper investigates the impact of WFH on cities of different sizes, highlights the dangers of too much WFH, and discusses aspects of the disagreement between workers and firms. Our results suggest that...

Till now, we still need a good house price model. House price is a typical price phenomenon that land rent exists, then we can find the answer from land rent theory. We developed a house price model based on land rent theory. The house price model is the good house price model. The house price...

Der Beitrag befasst sich mit der Preisentwicklung und dem Marktgeschehen von Wohnbauland in Deutschland mit besonderem Fokus auf die größten Städte. Er zeigt auf, welche Faktoren für die starke Preisentwicklung verantwortlich sind und welche Folgen dadurch für die Bezahlbarkeit des Wohnens...

Vor dem Hintergrund stark steigender Boden- und Wohnraumpreise in attraktiven deutschen Großstädten werden seit einigen Jahren intensive Debatten über die Eigentumsverhältnisse an innerstädtischen Grundstücken geführt. Zunehmend mehr Gehör konnten sich zuletzt jene Stimmen verschaffen,...

We present an urban land use model with land registration decisions and potential ethnic matching between buyers and sellers of informal land. We use the model to study the market failures associated with land tenure insecurity and information asymmetry regarding risks of contested land...

We examine the effect of a large-scale administrative reorganization in China, where counties are annexed into cities to accommodate urban growth. We present a simple model to illustrate how this annexation may affect firm entry decisions and in turn land market outcomes. Using nationwide data...

With the government owning all land in Hong Kong, public land sales have been an important channel for developers to acquire land for property development, apart from private-led urban regeneration. For the colonial time before 1997, land was supplied to the market via a supply-oriented model,...

In analyzing the dynamics of Tokyo housing price, we have compiled annual micro data sets from individual listings in a widely-circulated real estate advertising magazine. A data set compiled from "properties for investment" lists both asking (sales) prices and rents for the same properties....

We present new archival evidence on the price of vacant land in New York City between 1835 and 1900. Before the Civil War, the price of land per square foot fell steeply with distance from New York's City Hall located in the central business district. After the Civil War, the distance gradient...

Urban structures and urban growth rates are highly persistent. This has far-reaching implications for the optimal size and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy, but because they are bright. The slow mean reversion in...

This paper studies how limitations on land suitable for development affect within-city variation in urban density and its three components: crowding, residential coverage, and building height. We use the high variation in geographical obstacles − such as steep land slopes and the presence of...

Recent empirical work uses variation across cities or regions to identify the effects of economic shocks of interest to macroeconomists. The interpretation of such estimates is complicated by the fact that they reflect both partial equilibrium and local general equilibrium effects of the shocks....

We estimate spatial German land price effects using the county-level residential land prices from 2014 to 2018. We show that county-level spatial agglomeration effects play a large and significant role in explaining the cross-county variations in land prices. For example, a 1 % increase in the...

Urban structures and urban growth rates are highly persistent. This has far-reaching implications for the optimal size and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy, but because they are bright. The slow mean reversion in...

Bratislava, the capital city of Slovakia, is currently experiencing a period of intensive suburbanisation, which in turn creates demand pressures and increases the price of urban land located in its hinterland. This paper investigates several locational factors, which likely significantly...

Cities across the world have been battling a housing crisis in recent decades, with many residents increasingly struggling to find affordable homes, and broader issues arising around tackling homelessness, improving housing quality, and harnessing the role of housing in climate change...

In this paper, we focus on the role and economic effect of land ownership and land monopoly in emerging urban environments. Land monopoly in conventional economics is a theoretical ‘impossibility’ which, nonetheless, allows for a spatial empirical approach. We design a spatial land monopoly...

We study how urban land use fragmentation affects the subjective wellbeing of city residents. Therefore, we calculate fragmentation metrics based on the European Urban Atlas for 15,000 households in the German Socio-Economic Panel. Using random and fixed effects specifications, we find that...

We estimate changes in the value and price of residential land for 379 German counties ("Landkreise") from 2014 to 2017 using a total of 42,685 observations. We use the two-step residual method that decomposes the value of a home into the value of the structure and land value. Despite the short...