The Microgeography of Housing Supply
对美国城市社区层面的住房供给弹性进行估算，发现新建、拆除和翻新共同驱动供给响应，且供给弹性随距市中心距离增加而增大，主要源于未开发土地、平坦地形和较少管制。
We perform a comprehensive neighborhood-level analysis of housing supply. Predictions of floor space and housing unit supply elasticities using our estimates average 0.5 and 0.3 across all urban neighborhoods in the United States, exhibiting greater variation within than between metro regions. New construction accounts for about 50% of unit supply responses, with important additional roles for teardowns and renovations. Supply responses grow with central business district distance mostly from the increasing availability of undeveloped land, flatter land, and less regulation. Identification comes from variation in labor demand shocks to commuting destinations, as aggregated using insights from a quantitative spatial equilibrium model.