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In this article, the authors estimate the effect of investment on infrastructure (i.e., sewerage, gas provision, paved streets and electricity) on the price of land using a sample of almost 600 lots located in Greater Buenos Aires (gba). The estimates suggest that effects are positive and larger than the cost of construction, particularly among the lots with the best locations. We also explore the robustness of the results to omitted variable bias. These results suggest that betterment levies, which are seldom used in gba, could become an effective financial tool in some cases. [ABSTRACT FROM AUTHOR]

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