Upcoming workshop

明治大学政治経済学部経済学科・明治大学EBPM研究センター共催

July 10,  2026 (Friday)  15:30-17:00, JST

Venue: 明治大学駿河台キャンパス　リバティタワー13階1134教室にて開催 

Room 1134, 13th Floor, Liberty Tower, Meiji University Surugadai Campus

※2026年度より会場が明治大学となっております

Guest Speaker：Kensuke Teshima (Doshisha University)

Title：From Samurai to Skyscrapers: How Transaction Costs Shape Tokyo (with Junichi Yamasaki and Kentaro Nakajima)

Abstract: We study how transaction costs of changing lot size shaped Tokyo's urban development, using a 100 m*100 m cell-level dataset spanning the 19th–21st centuries. Exploiting the 1868 release of elite samurai estates, we show these areas still have larger lots, taller buildings, higher firm productivity, and land prices 153% above nearby areas, relative to surrounding neighborhoods, even after extensive redevelopment. Our framework interprets this price gap as a lower bound on transaction costs. Before 1945, these areas were cheaper, implying the rising value of large lots with skyscraper construction—an evolution that may accompany

future vertical growth in developing cities too.

※7月はハイブリッドで開催いたします。

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https://u-tokyo-ac-jp.zoom.us/meeting/register/HOCesZScTfGISuYz_C-N2w

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