Rossi-Hansberg, Esteban; Sarte, Pierre-Daniel; Owens, … - In: Journal of Political Economy 118 (2010) 3, pp. 485-535
Using data compiled from concentrated residential urban revitalization programs implemented in Richmond, Virginia, between 1999 and 2004, we study residential externalities. We estimate that housing externalities decrease by half approximately every 1,000 feet. On average, land prices in...