Sahil Gandhi

Excited to see the new Handbook of Regional and Urban Economics (Volume 6), edited jointly with Dave Donaldson come out: www.sciencedirect.com/handbook/han.... Fantastic set of chapters on recent advances and pointing the way to exciting further research @treballen.bsky.social @siepr.bsky.social

A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery In the space-crunched city, developers are making more room for amenities as living spaces shrink.

Our Assistant Professor of Real Estate and Urban Economics @gandhisahil.bsky.social tells @bloomberg.com that the rising cost of housing in Mumbai is squeezing out lower and middle income workers 👉 www.bloomberg.com/news/article...

Reforming India’s housing market: How disclosure laws boosted efficiency Mandatory disclosures in housing markets reduce market inefficiencies and improve access to information, as evidenced by disclosure laws in India.

🆕 Reforming India’s housing market: How disclosure laws boosted efficiency

Today on VoxDev, Vaidehi Tandel (@manchester.ac.uk), Sahil Gandhi, Anupam Nanda & Nandini Agnihotri (WRI India) discuss the impact of mandatory disclosures in the Mumbai housing market: voxdev.org/topic/public...

Barriers to Global Capital Allocation* Abstract. Observed international investment positions and cross-country heterogeneity in rates of return to capital are hard to reconcile with frictionless

Delighted that after many years of hard work, Barriers to Global Capital Allocation (written jointly with Bruno Pellegrino and Enrico Spolaore), will be coming out in the QJE. academic.oup.com/qje/article-...

Just published in @jpube.bsky.social:

"Do mandatory disclosures squeeze the lemons? The case of housing markets in India"

By @vaidehitandel.bsky.social, @gandhisahil.bsky.social, Anupam Nanda, & Nandini Agnihotri

www.sciencedirect.com/science/arti...

#econsky #publiceconomics #HousingMarket

Do mandatory disclosures squeeze the lemons? The case of housing markets in India What is the impact of mandatory disclosures of quality on market outcomes? Does the impact differ across income groups due to a difference in abilitie…

‪ #econsky #urbanecon @arpitrage.bsky.social @vaidehitandel.bsky.social @amineouazad.bsky.social @jeffrlin.bsky.social @sandipz.bsky.social

www.sciencedirect.com/science/arti...

However, land is a state subject and not all states mandate developers to disclose litigation.

6 states + 1UT mandate developers to provide litigation status

16 states and 3UTs don't

We urge other states to also mandate developers to provide litigation status.

6/6

Disclosure laws in developing countries reduce information asymmetry, market inefficiencies, and unequal access to information among buyers. 5/6

Decline of prices was highest for buyers in the lowest income quartile and there was no impact on buyers in highest income quartile. 4/6

Prices and sales of litigated properties (lemons) fell after the disclosure law was introduced. 3/6

In an 2021 Journal of Urban Economics paper we found that Mumbai has 27.3% of projects under litigation. Construction time is 8.5 yrs & litigated projects take longer.

Litigated projects are "lemons"
www.sciencedirect.com/science/arti...

2/6

Do mandatory disclosures squeeze the lemons? The case of housing markets in India What is the impact of mandatory disclosures of quality on market outcomes? Does the impact differ across income groups due to a difference in abilitie…

Real Estate Regulatory Authority was introduced in 2016 to bring transparency in the Indian real estate

What was its impact on outcomes? We answer this question in our new @jpube.bsky.social‬ paper "Do mandatory disclosures squeeze the lemons?"
www.sciencedirect.com/science/arti...

1/6

One week to go.

📢Heavily revised working paper on AI + Zoning —

with @alexbartik.bsky.social and Dan Milo, we have a new draft of our paper which expands on our method to understand housing regulations with AI.

Incudes a new public data release with more housing regulation data:

NIMBY restrictions on housing are well understood; but they also serve to hold back a host of other businesses too

Looks like a great way to end a symposium!

My obituary for the urban planner and civil engineer - and mentor to me - Shirish Patel, who died on Friday at 92. scroll.in/article/1077...

Forward to the Special Issue “Celebrating the 50th Anniversary of the Journal of Urban Economics”

The Journal of Urban Economics turns 50 years old: www.sciencedirect.com/science/arti...

One thing I don’t understand about the incidence of tariffs is how much foreign inputs feature in goods.

Ie, coffee beans are roughly 10% of the cost of coffee. So assuming full passthrough, a 10% tariff would increase coffee prices paid by the consumer by 1%.

What does that look like in general?

Why Do We Build Cities in the Sky? - Skynomics Blog This blog post previews my forthcoming book, "Cities in the Sky: The Quest to Build the World's Tallest Skyscrapers" from Scribner Books.

Why do we build #skyscrapers? #CitiesintheSkyBook.
buildingtheskyline.org/cities-in-th...

This is a fantastic opportunity for urban and housing economics job market candidates to do a postdoc with
@HansKoster9 and Jos van Ommeren

workingat.vu.nl/vacancies/po...
#urbaneconomics

When home heating prices are lower, fewer people die each winter, particularly in high-poverty communities. That's the punchline of my paper with Janjala Chirakijja and Pinchuan Ong on heating prices and mortality in the US, just published in the Economic Journal. 📉📈 academic.oup.com/ej/advance-a...

Constructing influence: Political turnover reveals quid pro quo arrangements in Mumbai’s real esta... Political party turnover in a local election increased completion times of real estate projects in Mumbai

Constructing influence: Political turnover reveals quid pro quo arrangements in Mumbai’s real estate.

Today on VoxDev, Vaidehi Tandel, Sahil Gandhi & Alex Tabarrok outline their research on the politician-developer nexus in #India: voxdev.org/topic/migrat...