Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs

While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade.

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Year of publication:	2005-02
Authors:	Duranton, Gilles ; Storper, Michael
Institutions:	C.E.P.R. Discussion Papers
Subject:	agglomeration \| trade costs \| transaction costs \| transport costs \| vertically linked industries

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 4933
Classification:	D23 - Organizational Behavior; Transaction Costs; Property Rights ; D24 - Production; Capital and Total Factor Productivity; Capacity ; R12 - Size and Spatial Distributions of Regional Economic Activity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005504426