Replication data for: From Today's City to Tomorrow's City: An Empirical Investigation of Urban Land Assembly
Principal Investigator(s): View help for Principal Investigator(s) Leah Brooks; Byron Lutz
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| data | 10/13/2019 03:05:AM | ||
|
|
text/plain | 14.6 KB | 10/12/2019 11:06:PM |
Project Citation:
Brooks, Leah, and Lutz, Byron. Replication data for: From Today’s City to Tomorrow’s City: An Empirical Investigation of Urban Land Assembly. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114595V1
Project Description
Summary:
View help for Summary
Because cities are constrained by the boundaries of land ownership, fundamental urban modifications require land delineation changes. We evaluate whether there is enough land assembly--the joining together of two or more parcels of land--to put land to its highest value use. We hypothesize that in the absence of market frictions such as holdouts, the price of land sold for assembly should not exceed the price of land sold for other uses. Empirically, we find that to-be-assembled land in Los Angeles trades at a 15 to 40 percent premium and conclude that significant frictions prevent assembly.
Scope of Project
JEL Classification:
View help for JEL Classification
K11 Property Law
P14 Capitalist Systems: Property Rights
Q21 Renewable Resources and Conservation: Demand and Supply; Prices
R14 Land Use Patterns
R30 Real Estate Markets, Spatial Production Analysis, and Firm Location: General
R52 Regional Government Analysis: Land Use and Other Regulations
R58 Regional Development Planning and Policy
K11 Property Law
P14 Capitalist Systems: Property Rights
Q21 Renewable Resources and Conservation: Demand and Supply; Prices
R14 Land Use Patterns
R30 Real Estate Markets, Spatial Production Analysis, and Firm Location: General
R52 Regional Government Analysis: Land Use and Other Regulations
R58 Regional Development Planning and Policy
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.