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by @jimpick.com
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Our urban economics colleagues at @humboldtuni.bsky.social are amazingly productive. (And therefore, according to their latest research 👇🏼 we can expect our office rents to rise.) @heblich.bsky.social, @ahlfeldt.bsky.social
2mo
Georg Weizsäcker
Why we’ve been underestimating the economic engine of big cities: Our new analysis of office rents reveals that productivity gains are hidden in high property prices, meaning the true economic advantage of large cities is actually 33% to 50% higher than previously measured.
2mo
Why Urban Productivity Premiums Are Up to 50% Larger Than Previously Estimated
Ahlfeldt, Heblich, Seidel & Yin: "The Price of Productivity" CRC Discussion Paper No. 563
190researchblog.substack.com
CRC Rationality & Competition