Gabriel M Ahlfeldt

@ahlfeldt.bsky.social

HU Berlin (full professor), LSE (visiting professor), BSoE (faculty), RSUE (editor) CEPR (Affiliate) CESIfo (fellow) LSE-CEP (Affiliate) http://bqse.de

Why is there less beautiful architecture than we'd like? Our research shows that because neighbours get the benefits for free while builders pay extra, the market systematically undersupplies the architecture we prefer, making a construction subsidy the most efficient fix.

Why Market Forces Alone Undersupply Distinctive Architecture

Ahlfeldt, Pietrostefani & Zhang: "The Economics of Architecture" CRC Discussion Paper No. 561

190researchblog.substack.com

"The price of productivity is not paid in wages alone. A large share is paid in rents." Our @bsoeberlin.bsky.social INSIGHTS piece summarizes why considering commercial rent capitalization is important to properly estimating agglomeration effects. berlinschoolofeconomics.de/insight/the-...

The Price of Productivity

by Gabriel Ahlfeldt (HU Berlin, LSE), Stephan Heblich (University of Toronto), Tobias Seidel (University of Duisburg-Essen), Fan Yin (HU Berlin)

berlinschoolofeconomics.de