institute of business and economic research fisher center for real estate urban economics program on housing policy conference paper series university california berkeley these papers are preliminary in nature their purpose is to stimulate discussion comment therefore they not be cited or quoted any publication without the express permission author c01 003 new economy market outcomes by john landis vicki elmer matt zook september 2001 1 regional development submitted 18 abstract this uses employment output high tech industries venture capital funding number dot com firms per 1000 private workers at metropolitan level identify contribution differences prices markets found higher peakier more volatile than old homeownership rates lower metro areas while crowding although distribution values cost rents was equal