This paper presents a framework for assessing the long-run effects of zoning reform on urban development, housing construction, and dwelling prices. We begin by developing a version of the monocentric model of the city that features regulatory restrictions on the capital intensity of housing...

What are the long-run economic impacts of the policy responses to control pandemics? We investigate this question by exploiting state-level data spanning one of the most consequential global pandemics in centuries, the 1918 influenza pandemic. Specifically, we use a difference-in-differences...

We study the effects of a large-scale upzoning on house prices and redevelopment premiums in Auckland, New Zealand. Upzoning significantly increases the redevelopment premium, but the overall effect on house prices depends on the economic potential for site redevelopment, with underdeveloped...