Human beings should live in places where they are most productive, and megacities, where information, innovation and opportunities congregate, would be the optimal choice. Yet megacities in both China and the U.S. are excluding people by limiting housing supply. Why, despite their many...

This paper proposes a spatial equilibrium model to quantify welfare losses from land market distortions in China. In the model, heterogeneous firms in a variety of sectors choose their locations across regions with costly trade, frictional labor migration, and land market distortions. We match...

In this work, we present a gridded dataset about land cover, population density, real estate, and transportation in 192 worldwide urban areas representing together 800 million people. While population density and land cover are secondary data extracted from the GHS-POP and the ESA CCI databases...

This paper proposes a spatial equilibrium model to quantify welfare losses from land market distortions in China. In the model, heterogeneous firms in a variety of sectors choose their locations across regions with costly trade, frictional labor migration, and land market distortions. We match...

Using the universe of construction permits, sales and land use in Flanders (Belgium), we present new evidence on frictions in the land market. First, developed parcels for assembly projects are bought at a premium of 17%. This premium is not the result of differences in land use restrictions,...

Each downtown commercial district has a different degree of mixed land use. Some commercial areas are a huge cluster with monotonous retail use, while others consists of a wide variety of land uses including residential or office uses as well. Locational factors such as proximity to other...

Spanish Abstract: A partir de información primaria (1800 avalúos inmobiliarios) y secundaria (trabajos de investigación, instituciones públicas, estadísticas oficiales), se compila información sobre precios del suelo y sus determinantes en la ciudad de Sincelejo en una base de datos tipo...

A typical real estate development project encounters an entrée capital expense for the land purchase that is not immediately recovered until the allocated capital for land acquisition is replaced with a new capital that converts the land to a rentable building space. This article presents an...

Firms develop strategies to help them achieve their primary goal of maximizing the wealth of the shareholders. These strategies should define the supporting role corporate real estate management plays; however, current theory and practice do not adequately identify the direct and indirect...

This paper studies how selling constraints, which refer to the inability of firms to attend to all the buyers who want to inspect their products, affect the equilibrium price and social welfare. We show that the price that maximizes social welfare is greater than the marginal cost. This is...