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that skyscrapers are caused by agglomeration economies and a prize for being the tallest, so a reputation effect. We aim to … sum of a within-building agglomeration effect and a reputation effect. Using semiparametric techniques, we disentangle … reputation effects from agglomeration effects and demonstrate that the reputation effect is substantial for tall buildings. For …
Persistent link: https://www.econbiz.de/10011126103
This paper argues that existing models of urban concentrations are incomplete unless grounded in the most fundamental aspect of proximity; face-to-face contact. Face-to-face contact has four main features; it is an efficient communication technology; it can help solve incentive problems; it can...
Persistent link: https://www.econbiz.de/10010884650
perform. Globalisation occurs in two distinct phases, leading to the agglomeration of an industry (manufacturing) in the first …. Because of agglomeration effects, the increase in relative endowment of a factor may increase its relative wages, leading to …
Persistent link: https://www.econbiz.de/10010928749
There is a substantial empirical literature quantifying the positive relationship between city size and productivity. The paper draws out the implications of this productivity relationship for evaluations of urban transport improvements. A theoretical model is developed and used to derive a...
Persistent link: https://www.econbiz.de/10010745008
cluster together, turning location into a self-reinforcing process. However, agglomeration raises the price of immobile local …
Persistent link: https://www.econbiz.de/10010745164
When firms cluster in the same local labor market, they face a trade-off between the benefits of labor pooling (i.e., access to workers whose knowledge help reduce costs) and the costs of labor poaching (i.e., loss of some key workers to competition and the indirect effect of a higher wage bill...
Persistent link: https://www.econbiz.de/10010745267
agglomeration. However, the nature of those benefits remains unclear. In this paper we take advantage of a new dataset to quantify …
Persistent link: https://www.econbiz.de/10010745550
the agglomeration of increasing returns activities. When workers migrate towards locations with more firms and higher real … wages, this intensifies agglomeration. When instead workers do not move across regions, further reductions in transport …
Persistent link: https://www.econbiz.de/10010745635
the quality of the match between job and worker, trade liberalization may lead to industrial agglomeration and inter …-industry trade. The agglomeration force is the improvement in the quality of matches when firms recruit from a bigger pool of labor …. The forces against agglomeration are the existence of trade costs and monopoly power in the labor market. We show that …
Persistent link: https://www.econbiz.de/10010745739
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/10010745746