Thissen, M.J.P.M.; Burger, M.J.; Oort, F.G. van - Erasmus Research Institute of Management (ERIM), ERIM … - 2010
We build a theoretical model that relates house price, city size and the expected future growth of demand for housing. Our model combines the Alonso-Mills model on urban economics with insights from financial economics on house prices. Estimating the model for cities in the US, we empirically...