Arpit Gupta
@arpitrage
Associate Professor of Finance, @NYUStern. Finance/Real Estate/Urban newsletter: http://arpitrage.substack.com.
📢Heavily revised working paper on AI + Zoning — with @AlexBartik and @DMilo75, 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:
This is an issue with e.g. classical music also. The snobs go all dialectical materialist and are like, music goes Bach, Mozart, Chopin, and then some rando modern making unlistenable garbage. No, music goes Bach, Mozart, Chopin, and then Taylor Swift
One of the common questions in development econ is why so many countries had positive growth trend breaks after WWII. This papers claims it was due to deliberate US tech transfer, with individual firms seeing 25-50% productivity improvements and speeding tech adoption by years.
My guess is fields like medicine, consulting, finance will still have a human touch even after AI is widely adopted. Some humans will do higher value things, as is usual after a tech upgrade. But law? I could see the legal profession largely automated
Exciting news on Penn Station: through-running is on the table. Through-running trains would not only make the most use out of valuable space at Penn, it would create a regional system for transportation across the region. (Links at end)
Awesome paper finding huge benefits from relaxing zoning constraints in NYC, even once you account for the big costs of redevelopment vrollet.github.io/files/city_str…
Chinese cities, ranked: 1. Shanghai 2. Beijing 3. Guangzhou 4. Hong Kong 5. Shenzhen 6. Chengdu 7. Chongqing 8. Wuhan 9. Hangzhou 10. Nanjing
When we get self driving cars everywhere, maybe we can take down all the highway direction signs
An economic plan for European economy revitalization: -Drastic cuts to regulatory barriers -Increased labor market mobility + entrepreneurship -Lower wage taxes + higher property taxes, pension reform -Continental capital market integration -Industrial policy -Nuclearization
My coauthor Arpit is presenting our paper "Property Taxes and Housing Allocation under Financial Constraints" (joint w. Joshua Coven and Sebastian Golder) at the 2025 NBER Summer Institute Real Estate meeting taking place tomorrow Wednesday at the Marlowe. The session will also…
Thrilled to announce today @RepScottPeters, @RepBlakeMoore, @brianschatz, & @Jim_Banks are reintroducing the bipartisan Build More Housing Near Transit Act! The bill protects taxpayers & transit riders alike from federal transit grants to cities that ban housing near transit👇
The @NiskanenCenter has been at the forefront of analyzing ways to do this! One way is through the Build More Housing Near Transit Act! We urge members of Congress to support this legislation, & we stand ready to work to address this crucial need! niskanencenter.org/build-more-hou…
🚨🚨 New Paper Alert! 🚨🚨 Together with an awesome crew, I've got a fun new paper analyzing whether hospital acquisitions of physician practices raise prices by lessening competition. @stuartcraig Aristotelis Epanomeritakis, Joe Martinez, Matt Grennan, @ProfFionasm, and…
New: A 50-year-old federal rule has stifled affordable housing. Congress may finally, at long last, do something about it vox.com/policy/420254/…
Meta pays hundreds of millions for top tech talent while we shut down the high-skilled immigration pathways and research institutions which create them