Painting the Urban Skyline

14 Pages Posted: 6 May 2009 Last revised: 28 Sep 2014

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: May 6, 2009

Abstract

This paper attempts to explain housing supply, land price and structural density, the last of which paints the urban skyline. It proves that structural density and land price are positive functions of housing rent and lot size, but negative functions of interest rate and construction cost. Because of technological improvement, modern urban skyline and land price gradient have become steeper. This paper also explains why the skyline is usually not smooth, and why two adjacent land parcels can have very different prices.

Keywords: Population Density, Rent Gradient, Density Gradient

JEL Classification: R38, R14, R31

Suggested Citation

Choi, Hak, Painting the Urban Skyline (May 6, 2009). Available at SSRN: https://ssrn.com/abstract=1399923 or http://dx.doi.org/10.2139/ssrn.1399923

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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