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Microfoundations of Urban Agglomeration Economies

Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2003

This Paper studies the theoretical micro-foundations of urban agglomeration economies. We distinguish three types of … characterization of some of the main theoretical underpinnings of urban agglomeration economies, to discuss modeling issues that arise … when working with these tools, and to compare different sources of agglomeration economies in terms of the aggregate urban …

Persistent link: https://www.econbiz.de/10005791489

The Costs of Agglomeration: Land Prices in French Cities

Combes, Pierre-Philippe; Duranton, Gilles; Gobillon, Laurent - C.E.P.R. Discussion Papers - 2012

We develop a new methodology to estimate the elasticity of urban costs with respect to city population using French land price data. Our preferred estimate, which handles a number of estimation concerns, stands at 0.041. Our approach also yields a number of intermediate outputs of independent...

Persistent link: https://www.econbiz.de/10011083617

Globalization and the Evolution of the Supply Chain: Who Gains and Who Loses?

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2003

two regions, the decrease of these costs fosters the gradual agglomeration of plants in the core region accommodating the …

Persistent link: https://www.econbiz.de/10005498045

Urban land use

Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2014

We provide an integrated treatment of the theoretical literature on urban land use inspired by the monocentric model, including extensions that deal with multiple endogenous business centres, various dimensions of heterogeneity, and durable housing. After presenting the theory and distilling its...

Persistent link: https://www.econbiz.de/10011096093

The Growth of Cities

Duranton, Gilles; Puga, Diego - In: Handbook of Economic Growth

important effects on the evolution of cities. In recent decades, cities with better amenities have grown faster. Agglomeration …

Persistent link: https://www.econbiz.de/10010869044

The growth of cities

Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2013

important effects on the evolution of cities. In recent decades, cities with better amenities have grown faster. Agglomeration …

Persistent link: https://www.econbiz.de/10011084574

The productivity advantages of large cities: Distinguishing agglomeration from firm selection

Combes, Pierre-Philippe; Duranton, Gilles; Gobillon, Laurent - C.E.P.R. Discussion Papers - 2009

Firms are more productive on average in larger cities. Two explanations have been offered: agglomeration economies … selection model and a standard model of agglomeration. Stronger selection in larger cities left-truncates the productivity … distribution whereas stronger agglomeration right-shifts and dilates the distribution. We assess the relative importance of …

Persistent link: https://www.econbiz.de/10005791878

Economics of Agglomeration

Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1996

We address the fundamental question arising in economic geography: why do economic activities agglomerate in a small number of places? The main reasons for the formation of economic clusters involving firms and/or households are analysed: (i) externalities under perfect competition; (ii)...

Persistent link: https://www.econbiz.de/10005123960

Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs

Duranton, Gilles; Storper, Michael - C.E.P.R. Discussion Papers - 2005

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.

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

Rational expectations in urban economics

Berliant, Marcus; Yu, Chia-Ming - In: Regional Science and Urban Economics 43 (2013) 2, pp. 197-208

Canonical analysis of the classical general equilibrium model demonstrates the existence of an open and dense subset of standard economies that possess fully-revealing rational expectations equilibria. This paper shows that the analogous result is not true in urban economies under appropriate...

Persistent link: https://www.econbiz.de/10010636458