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places within countries needs to consider population, income and housing prices simultaneously. Housing supply elasticity … existence of agglomeration economies, which exist when productivity rises with density, but estimating the magnitude of those …, national income accounts, public economics and housing prices …
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"This paper proposes a simple theory of a system of cities that decomposes the determinants of the city size distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to larger cities, but also to greater frictions through...
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