pay for continued search and the level of price uncertainty depends on her risk preferences. Independent of the current … best price, an increase in price uncertainty encourages continued search when consumers are risk neutral. However, we prove … uncertainty only increases the consumer's willingness to pay (WTP) for continued search if the current best price is sufficiently …

effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial …

A large body of literature considers the productive advantages of cities, or "agglomeration economies". Most empirical … studies report positive agglomeration economies, although large variation exists in the magnitude of estimates. We use a meta …, we find agglomeration elasticities are likely to lie in the range 2.7-6.4%. Our findings confirm the controls enabled by …

-connected knowledge-driven economy, the relevance of agglomeration forces that rely on proximity continues to increase, paradoxically …

) agglomeration economies and (negative) environmentalexternalities. Based on a simplified representation of a linear urban economy … simulations. The model includes a spacious industrial centrein which agglomeration externalities are differentiated over space …