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The economics of skyscrapers: a synthesis

Ahlfeldt, Gabriel M. and Barr, Jason (2020) The economics of skyscrapers: a synthesis. CEP Discussion Papers (1704). Centre for Economic Performance, LSE, London, UK.

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Abstract

This paper provides a synthesis of the state of knowledge on the economics of skyscrapers. First, we document how vertical urban growth has gained pace over the course of the 20th century. Second, we lay out a simple theoretical model of optimal building heights in a competitive market to rationalize this trend. Third, we provide estimates of a range of parameters that shape the urban height profile along with a summary of the related theoretical and empirical literature. Fourth, we discuss factors outside the competitive market framework that explain the rich variation in building height over short distances, such as durability of the structures, height competition, and building regulations. Fifth, we suggest priority areas for future research into the vertical dimension of cities.

Item Type: Monograph (Discussion Paper)
Official URL: https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information: © 2020 The Authors
Divisions: Geography & Environment
Centre for Economic Performance
Subjects: H Social Sciences > HT Communities. Classes. Races
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HC Economic History and Conditions
Date Deposited: 18 Jan 2021 11:57
Last Modified: 19 Jan 2021 00:32
URI: http://eprints.lse.ac.uk/id/eprint/108469

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