We use metro-level variation in land and structural input prices to test and estimate a housing cost function with differences in local housing productivity. Conditioning on housing demand, OLS and IV estimates imply that stringent regulatory and geographic restrictions increase housing prices...

We present hedonic general-equilibrium estimates of quality-of-life and productivity differences across Canada's metropolitan areas. These are based off of the estimated willingness-to-pay of heterogeneous households and firms to locate in various cities, which differ in their wage levels,...