Prix fonciers et demande de sol à usage résidentiel en France (1975-2000)
This paper documents the increase in residential land prices in France over a twenty-five-years period. We estimate a land price function accounting for changes in urban size over time on a nation-wide sample. We take into account the concave relationship between lot price and lot surface and deal with the endogeneity of the latter. We also account for a potential selection bias. We are able to disentangle, in the land price increase, pure time effects from changes in location characteristics and in the location of newly built houses. We also provide estimates of income and price elasticity of residential land demand. Classification JEL : R11, R21, R31.
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