This has been studied and the results comparing Tokyo and NYC are directionally what you'd expect: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=316119 h

This has been studied and the results comparing Tokyo and NYC are directionally what you'd expect: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=316119 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=316119