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Population density varies widely across US cities. A simple, static general equilibrium model suggests that moderate-sized differences in cities' total factor productivity can account for such variation. Nevertheless, the productivity required to sustain above-average population densities...
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More than 17 percent of households in American central cities live in poverty; in American suburbs, just 7.4 percent of households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy individuals' wanting to live where land is cheap...
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Three methodologies have been developed to measure the aggregate price of housing. This article provides an overview of these three methodologies for pricing housing as well as a detailed guide to the major house price indexes based on them.Business Economics (2007) 42, 55–65; doi:10.2145/20070406
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