factors such as: (i) the provision of transport infrastructure; (ii) zoning policies that limit housing density; (iii … housing. We use a version of the Alonso-Muth-Mills model, calibrated to broadly match some of the features of a representative …) frictions on the production of housing; and (iv) population size. The empirical section of the paper shows that the model is …

, and interestingly, in relatively rural areas with lowdensity zoning. There appears to be little demand for TDRs and the … associated higher density in town centers or areas zoned with residential zoning. …

Following popular discourse, we abuse economic terminology by defining the "housing shortage" in the United States as … of homes. The magnitude of the housing shortage is important to policymakers, who use it to measure the scope of the … housing supply problem and the extent to which proposed policies would solve it. However, previous studies understate the …