We present a modified open monocentric city model that assumes that land is available for conversion into new housing throughout the city. The model predicts that positive local income shocks (i) increase the city's share of multi-family housing in new construction and (ii) lead to the...

The quality of newly constructed housing affects the character and possibly the future prosperity of locations for decades. Arguably, the quality of housing also causes externalities to residents in surrounding areas. Given the seeming importance of housing quality it is surprising how little is...

We model residential land use constraints as the outcome of a political economy game between owners of developed and owners of undeveloped land. Land use constraints benefit the former group via increasing property prices but hurt the latter via increasing development costs. In this setting,...