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Intermediaries, transport costs and interlinked transactions

Lefèvre, Mélanie; Tharakan, Joe - C.E.P.R. Discussion Papers - 2011

Transport costs play a key role in agricultural markets in developing countries and are one of the causes of poverty amongst farmers that are geographically isolated. Another characteristic of agricultural markets is that they often involve interlinked transactions. However, the existing...

Persistent link: https://www.econbiz.de/10009324254

Urban Growth and Transportation

Duranton, Gilles; Turner, Matthew A - C.E.P.R. Discussion Papers - 2008

We estimate the effects of major roads and public transit on the growth of major cities in the US between 1980 and 2000. We find that a 10% increase in a city’s stock of roads causes about a 2% increase in its population and employment and a small decrease in its share of poor households over...

Persistent link: https://www.econbiz.de/10005792014

Resetting the Urban Network: 117-2012

Michaels, Guy; Rauch, Ferdinand - C.E.P.R. Discussion Papers - 2013

Do locational fundamentals such as coastlines and rivers determine town locations, or can historical events trap towns in unfavorable locations for centuries? We examine the effects on town locations of the collapse of the Western Roman Empire, which temporarily ended urbanization in Britain,...

Persistent link: https://www.econbiz.de/10011083231

Roads and Innovation

Agrawal, Ajay; Galasso, Alberto; Oettl, Alexander - C.E.P.R. Discussion Papers - 2014

We study the interplay between transportation infrastructure, knowledge flows, and innovation. Exploiting historical … transportation infrastructure may spur regional growth above and beyond the more commonly discussed agglomeration economies that are …

Persistent link: https://www.econbiz.de/10011083321

Transportation Costs and the Spatial Organization of Economic Activity

Redding, Stephen J.; Turner, Matthew A - C.E.P.R. Discussion Papers - 2014

economic activity and transportation costs. We develop a multi-region model of economic geography that we use to understand the … general equilibrium implications of transportation infrastructure improvements within and between locations for wages … effects of transportation infrastructure improvements on economic development, paying particular attention to the use of …

Persistent link: https://www.econbiz.de/10011084246

The growth of cities

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

Why do cities grow in population, surface area, and income per person? Which cities grow faster and why? To these questions, the urban growth literature has offered a variety of answers. Within an integrated framework, this chapter reviews key theories with implications for urban growth. It then...

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

The Economic Impact of Central Bank Transparency: A Survey

Eijffinger, Sylvester C W; Cruijsen, Carin A B van der - C.E.P.R. Discussion Papers - 2007

We provide an up-to-date overview of the literature on the desirability of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its effects has been carried out. First, we show how the theoretical literature has evolved, by looking...

Persistent link: https://www.econbiz.de/10005666931

Limits of Arbitrage: The State of the Theory

Gromb, Denis; Vayanos, Dimitri - C.E.P.R. Discussion Papers - 2010

We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs … from behavioral or from institutional considerations. We next survey, and nest within a simple model, the following costs …

Persistent link: https://www.econbiz.de/10008530340

Actual Versus Perceived Central Bank Transparency: The case of the European Central Bank

Eijffinger, Sylvester C W; Cruijsen, Carin A B van der - C.E.P.R. Discussion Papers - 2007

household survey on the European Central Bank’s transparency. To benefit from higher transparency perceptions the European …

Persistent link: https://www.econbiz.de/10005136532

Asset Prices with Heterogenous Beliefs

Basak, Suleyman - C.E.P.R. Discussion Papers - 2004

This article studies the dynamic behaviour of security prices in the presence of investors’ heterogeneous beliefs. We provide a tractable continuous-time pure-exchange model and highlight the mechanism through which investors’ differences of opinion enter into security prices. In the...

Persistent link: https://www.econbiz.de/10005661585