Koster, Hans R.A.; Rietveld, Piet; van Ommerren, Jos N. - London School of Economics (LSE) - 2011
that skyscrapers are caused by agglomeration economies and a prize for being the tallest, so a reputation effect. We aim to … sum of a within-building agglomeration effect and a reputation effect. Using semiparametric techniques, we disentangle … reputation effects from agglomeration effects and demonstrate that the reputation effect is substantial for tall buildings. For …