Date: 23 Sep 2010
- Jason Barr
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This paper investigates the determinants of skyscraper height. First a simple model is provided where potential developers desire not only profits but also social status. In equilibrium, height is a function of both the costs and benefits of construction and the heights of surrounding buildings. Using data from New York City, I empirically estimate skyscraper height over the 20th century. Via spatial regressions, I find evidence for height competition, which increases during boom times. In addition, I provide estimates of which buildings are economically “too tall” and by how many floors.
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- Skyscraper Height
The Journal of Real Estate Finance and Economics
Volume 45, Issue 3 , pp 723-753
- Cover Date
- Print ISSN
- Online ISSN
- Springer US
- Additional Links
- Building height
- New York City
- Industry Sectors
- Jason Barr (1)
- Author Affiliations
- 1. Department of Economics, Rutgers University, Newark, NJ, 07102, USA