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Title: Home Production, Expenditure, and Economic Geography

Citation Type: Miscellaneous

Publication Year: 2015

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Abstract: This paper develops a theory that embodies a new microfoundation for the benefits of urban density that offset the costs of land scarcity. Market production of services is efficient because customers effectively share land and other factors of production, leaving them idle for less time. Proximity between consumers and service establishments reduces the time cost of purchasing services. Both of these benefits cause residents of dense areas to purchase services on the market that their suburban counterparts produce at home. Empirical evidence demonstrates that the theory can account for variation in expenditure, home production, labor supply, and land prices.

Url: http://faculty.darden.virginia.edu/murphyd/documents/ExpenditureGeography.pdf

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Authors: Murphy, Daniel

Publisher: University of Virginia Darden School of Business

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other

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