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Gibbons, Stephen; Overman, Henry G.; Resende, Guilherme - Spatial Economics Research Centre, LSE - 2011

This report estimates housing-cost-earnings differentials across labour market areas in Britain. We show that quality-adjusted housing costs rise on average, one for one with the skill-adjusted earnings of the average working household. However, the relationship is Ushaped, with relatively high...

Persistent link: https://www.econbiz.de/10008867528

The Urban Wage Growth Premium: Sorting or Learning?

D'Costa, Sabine; Overman, Henry G. - Spatial Economics Research Centre, LSE - 2013

This paper is concerned with the urban wage premium and addresses two central issues about which the field has not yet reached a consensus. First, the extent to which sorting of high ability individuals into urban areas explains the urban wage premium. Second, whether workers receive this wage...

Persistent link: https://www.econbiz.de/10010659502

A Note on the Value of Foregone Open Space in Sprawling Cities

Rouwendal, Jan; Vermeulen, Wouter - Spatial Economics Research Centre, LSE - 2012

Foregone benefits of the open space that is sacrificed through urban sprawl are hard to quantify. We obtain a simple benchmark measure by introducing a demand for trips beyond the urban boundary into the monocentric city model. The externality arises from the increase in travel costs that...

Persistent link: https://www.econbiz.de/10009652089

Agglomeration Externalities and Urban Growth Controls

Vermeulen, Wouter - Spatial Economics Research Centre, LSE - 2011

Should constraints on urban expansion be relaxed because of external agglomeration economies? In a system of …

Persistent link: https://www.econbiz.de/10009351546

External Benefits of Brownfield Redevelopment: An Applied Urban General Equilbirum Analysis

Vermeer, Niels; Vermeulen, Wouter - Spatial Economics Research Centre, LSE - 2012

, the exploitation of agglomeration economies and the preservation of open space at the urban fringe. A numerical … application indicates that local nuisance and agglomeration effects may push social returns significantly beyond the value of … agglomeration economies, the amount of preserved greenfield land may be small and it only generates additional benefits to the …

Persistent link: https://www.econbiz.de/10009416253

Productivity and Firm Selection: Quantifying the "New" Gains from Trade

Corocs, Gregory; Gatto, Massimo Del; Mion, Giordano; … - Spatial Economics Research Centre, LSE - 2009

We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade...

Persistent link: https://www.econbiz.de/10008692858

If We Build, Will They Pay? Predicting Property Price Effects of Transport Innovations

Ahlfeldt, Gabriel - Spatial Economics Research Centre, LSE - 2011

In this study I develop a partial equilibrium approach for the prediction of property price effects of transport network extensions. It combines a gravity-type labor market accessibility indicator with a transport decision model that takes into account the urban rail network architecture, allows...

Persistent link: https://www.econbiz.de/10008867525

Game of Zones: The Economics of Conservation Areas

Ahlfeldt, Gabriel M.; Moeller, Kristoffer; Waights, Sevrin - Spatial Economics Research Centre, LSE - 2013

Provided there are positive external benefits attached to the historic character of buildings, owners of properties in designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the restrictions put in place to ensure the...

Persistent link: https://www.econbiz.de/10010696477

The Economics Implications of House Price Capitalization: A Synthesis

Hilber, Christian A. L. - Spatial Economics Research Centre, LSE - 2011

In this article I argue that the extent to which fiscal variables are capitalized into house prices has important economic implications. I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized...

Persistent link: https://www.econbiz.de/10009320413

Urban Growth Drivers in a Europe of Sticky People and Implicit Boundaries

Cheshire, Paul; Magrini, Stefano - Spatial Economics Research Centre, LSE - 2008

We investigate urban GDP pc growth across the EU12 using data for functionally definedcities - rather than administrative regions. We test hypotheses on the role of human capital,EU integration and fragmentation of urban government and explore spatial dependence andmechanisms of spatial...

Persistent link: https://www.econbiz.de/10005037485