【摘要】This paper studies the extent to which spatial heterogeneity in housing prices is affectedby housing supply in Beijing’s specific context of centralized metropolitan government without localproperty tax. Taking data sets of residential land leases and private housing sales records from 2006 to2008 within Beijing’s metropolitan area, this paper examines how the capitalization of school qualityand subway accessibility in housing prices varies with land availability instrumented by the employ-ment density of state-owned enterprises (SOEs) at the beginning of SOE reform. Results confirm thatthe capitalization of school quality and subway accessibility is larger in supply-constrained locations.

【文献来源】Zheng S;Sun W;Wang R.Journal of Regional Science.2014（4）