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Walk Score Regression Results


Thanks for the comments on my Walk Score model! Per a few reader requests, here are the full results. I should have thought to provide them initially but didn’t realize there would be interest. Also, I don’t know a good way to put STATA or Excel charts here, so apologies for the screenshots.

Here [...]

Some Empirical Evidence on Preference for Cities


This semester I took an econometrics class because I got an MA with the bare minimum of quantitative classes. For the class, I wrote a paper asking the question, “Are consumers willing to pay a premium to live in dense urban areas?” It’s easy to see that urban density is correlated with higher housing [...]

Brookings Study Ties Exclusionary Zoning to Gaps in School Performance


Last week the Brookings Institute released a study by Jonathan Rothwell on the relationship between exclusionary zoning and school performance. He points out that this is the first study linking zoning to educational outcomes. The findings demonstrate that cities with stronger exclusionary zoning policies have larger differences in test scores across schools. This finding [...]

Detroit’s Financial Future


After flirting with Chapter 9 bankruptcy or a state takeover of its finances, Detroit has reached a deal with the state of Michigan that will allow it to remain independently managed with a requirement for state oversight. The Detroit Free Press reports:

The city has seven days to create the positions of chief financial [...]

Cities and the Market Process: Part 4


This series looks at some of the ways that people organize themselves to live alongside each other in cities. Part 1 looks at inherent problems with top-down planning, and this part will expand on this issue with the specific problems of pricing government-owned land.

Prices are an emergent order that convey information beyond what [...]

More on Parking Prices


At Wabi-sabi, Sandy Ikeda (former Market Urbanism writer) has a great analysis of San Francisco’s pricing for parking. He points out that assigning prices to spots is not equivalent to allowing a market to determine a price. For a real price to emerge capital (the parking space) cannot be state-owned.

Sandy points out [...]

Maryland realtors fight to protect their subsidy


This post originally appeared at Neighborhood Effects, a Mercatus Center blog where we write about the economics of state and local policy.

Image via Flickr user Images_of_Money

We’ve already explored Governor O’Malley’s proposal for the Maryland budget here and here, but recently, a perhaps unintended consequence of the budget came to light. By limiting the deduction [...]

A hole in the literature?


In the comments of a previous post, readers discussed the incentives facing different types of landowners whose properties are facing potential upzoning, demonstrating just how complicated the relationship between land use regulations and property values is. As I see it, theory tells us that upzoning will increase the value of much of the [...]