The Journal of Real Estate Finance and Economics

, Volume 45, Issue 3, pp 723–753 | Cite as

Skyscraper Height

Article

Abstract

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.

Keywords

Skyscrapers Building height Status New York City 

JEL Classification

D44 N62 R33 

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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of EconomicsRutgers UniversityNewarkUSA

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