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The effect of agglomeration size on local taxes

Luthi, Eva; Schmidheiny, Kurt - 2011

peripheral regions as the firms would forego 'rents' from agglomeration economies. In this paper, we study whether local policy … makers effectively tax such agglomeration rents. We test this with panel data from Swiss municipalities between 1985 and 2005 … introduce an new measure of cluster intensity which considers the varying intensities in agglomeration economies across sectors. …

Persistent link: https://www.econbiz.de/10010274979

Pollution and City Size: Can Cities be too Small?

Borck, Rainald; Tabuchi, Takatoshi - 2016

We study the optimal and equilibrium size of cities in a city system model with environmental pollution. Pollution is related to city size through the effect of population on production, commuting, and housing consumption. With symmetric cities, if pollution is local or per capita pollution...

Persistent link: https://www.econbiz.de/10011555593

Inefficient lock-in and subsidy competition

Borck, Rainald; Koh, Hyun-Ju; Pflüger, Michael - 2009

This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric regions in a new trade model, where capital can freely move among regions, but capital rewards are repatriated. We study subsidy competition, starting from an equilibrium where the...

Persistent link: https://www.econbiz.de/10010264594

Urban-Biased Structural Change

Chen, Natalie; Novy, Dennis; Perroni, Carlo; Wong, … - 2023

model of city formation with heterogeneous firms and international trade. We find that agglomeration economies have …

Persistent link: https://www.econbiz.de/10014469530

Lumpy countries, urbanization, and trade

Brakman, Steven; van Marrewijk, Charles - 2011

Lumpiness of production factors within a country might overturn the predictions for the structure of trade by the factor-abundance (HO) model. Trade patterns, as predicted by this model, can both be magnified or reversed by uneven concentration of production factors within a country. Cities are...

Persistent link: https://www.econbiz.de/10010280631

von Ehrlich, Maximilian; Seidel, Tobias - 2012

In contrast to what several papers have argued recently, we show that firm heterogeneity fosters agglomeration of … propensity to export. This renders the home market more important speaking against agglomeration. We also relate changes in firm …

Persistent link: https://www.econbiz.de/10010291502

Reflections on cluster policies

Brakman, Steven; van Marrewijk, Charles - 2012

formulate and promote policies that foster clustering of economic activity. Paradoxically, although agglomeration rents are …

Persistent link: https://www.econbiz.de/10010288713

Climate Change and Long-Run Discount Rates: Evidence from Real Estate

Giglio, Stefano; Maggiori, Matteo; Ströbel, Johannes; … - 2015

The optimal investment to mitigate climate change crucially depends on the discount rate used to evaluate the investment’s uncertain future benefits. The appropriate discount rate is a function of the horizon over which these benefits accrue and the riskiness of the investment. In this paper,...

Persistent link: https://www.econbiz.de/10011388274

Urbanity

Ahlfeldt, Gabriel - 2013

I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spatial pattern of house prices and photos I identify the value of urbanity in...

Persistent link: https://www.econbiz.de/10010328765

Decentralized Leadership

Silva, Emilson C.D. - 2016

This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide regional and federal public goods and the benevolent central government implements interregional earmarked and income transfers. Without residential mobility, unlimited...

Persistent link: https://www.econbiz.de/10011555506

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