BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//jEvents 2.0 for Joomla//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:93c3be135fa36cf40aab960eb530a5b6
CATEGORIES:Seminars
CREATED:20150210T191014
SUMMARY:Lunch Seminar: Richard Hornbeck - Harvard University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Creative Destruction: Barriers to Urban Growth and the Great Boston Fire of
  1872 \nAbstract:\nHistorical city growth, in the United States and worldwi
 de, has required remarkable transformation of outdated durable structures. 
 Private land-use decisions may generate persistent inefficiencies, however,
  due to externalities and various rigidities. This paper analyzes new plot-
 level data in the aftermath of the Great Boston Fire of 1872, estimating su
 bstantial economic gains from the opportunity for urban redevelopment in ra
 pidly growing areas. An important mechanism appears to be positive external
 ities from neighbors’ reconstruction. Strikingly, gains from this opportuni
 ty for urban redevelopment were sufficiently large that increases in land v
 alues were comparable to the value of all burned buildings.\n
DTSTAMP:20260405T210928Z
DTSTART:20140721T130000Z
DTEND:20140721T140000Z
SEQUENCE:0
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR