@techreport{NBERw11097, title = "Urban Growth and Housing
Supply", author = "Edward L. Glaeser and Joseph Gyourko and
Raven E. Saks", institution = "National Bureau of Economic
Research", type = "Working Paper", series = "Working Paper
Series", number = "11097", year = "2005", month = "January", URL
= "http://www.nber.org/papers/w11097", abstract = {Cities are
physical structures, but the modern literature on urban economic
development rarely acknowledges that fact. The elasticity of
housing supply helps determine the extent to which increases in
productivity will create bigger cities or just higher paid
workers and more expensive homes. In this paper, we present a
simple model that provides a framework for doing empirical work
that integrates the heterogeneity of housing supply into urban
development. Empirical analysis yields results consistent with
the implications of the model that differences in the nature of
house supply across space are not only responsible for higher
housing prices, but also affect ho