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Second-best cost–benefit analysis in monopolistic competition models of urban agglomeration

Kanemoto, Yoshitsugu - In: Journal of Urban Economics 76 (2013) C, pp. 83-92

This paper examines the agglomeration benefits of a transportation improvement in a city by modeling the microstructure … of urban agglomeration based on monopolistic competition of differentiated intermediate products. Properly extended to … include variety distortion in addition to price distortion, Harberger’s measure of excess burden yields the agglomeration …

Persistent link: https://www.econbiz.de/10010666192

The Henry George Theorem in a second-best world

Behrens, Kristian; Kanemoto, Yoshitsugu; Murata, Yasusada - In: Journal of Urban Economics 85 (2015) C, pp. 34-51

finances the Pigouvian subsidies for agglomeration externalities and the costs of local public goods by a 100% tax on land is … are the sources of agglomeration economies and city governments levy property taxes. Without relying on specific …

Persistent link: https://www.econbiz.de/10011117745

Spatial equilibrium with unemployment and wage bargaining: Theory and estimation

Beaudry, Paul; Green, David A.; Sand, Benjamin M. - In: Journal of Urban Economics 79 (2014) C, pp. 2-19

In this paper, we present a spatial equilibrium model where search frictions hinder the immediate reallocation of workers both within and across local labor markets. Because of the frictions, firms and workers find themselves in bilateral monopoly positions when determining wages. Although...

Persistent link: https://www.econbiz.de/10010738204

Agglomeration and demographic change

Grafeneder-Weissteiner, Theresa; Prettner, Klaus - In: Journal of Urban Economics 74 (2013) C, pp. 1-11

into a New Economic Geography model. Whether integration leads to agglomeration crucially hinges on the demographic … allows us to assess the possibility of agglomeration in various demographic scenarios. …

Persistent link: https://www.econbiz.de/10010608577

Agglomeration elasticities and firm heterogeneity

Maré, David C.; Graham, Daniel J. - In: Journal of Urban Economics 75 (2013) C, pp. 44-56

This paper examines three key issues encountered when estimating the relationship between agglomeration and multi … factor productivity (‘agglomeration elasticities’): the sorting of heterogeneous firms, the convexity of agglomeration … dimensions, and to estimate separate agglomeration elasticities across industries and regions. Sorting leads to upward biased …

Persistent link: https://www.econbiz.de/10010636489

A non-parametric test for industrial specialization

Billings, Stephen B.; Johnson, Erik B. - In: Journal of Urban Economics 71 (2012) 3, pp. 312-331

We introduce a non-parametric microdata based test for industrial specialization and apply it to a single urban area. Our test employs establishment densities for specific industries, a population counterfactual, and a new correction for multiple hypothesis testing to determine the statistical...

Persistent link: https://www.econbiz.de/10010574526

Spatial versus social mismatch

Zenou, Yves - In: Journal of Urban Economics 74 (2013) C, pp. 113-132

The aim of this paper is to provide a new mechanism based on social interactions, explaining why distance to jobs can have a negative impact on workers’ labor-market outcomes, especially ethnic minorities. Building on Granovetter’s idea that weak ties are superior to strong ties for...

Persistent link: https://www.econbiz.de/10010608582

Energy footprint of the city: Effects of urban land use and transportation policies

Larson, William; Liu, Feng; Yezer, Anthony - In: Journal of Urban Economics 72 (2012) 2, pp. 147-159

Urban land use and transportation policies have dramatic effects on the density and spatial distribution of residences in large cities. Effects of these policies have been analyzed using numerical urban simulation models. At the same time, the US Energy Information Administration’s Residential...

Persistent link: https://www.econbiz.de/10010608585

Simulating confidence for the Ellison–Glaeser index

Cassey, Andrew J.; Smith, Ben O. - In: Journal of Urban Economics 81 (2014) C, pp. 85-103

The Ellison and Glaeser (1997) index is an unbiased statistic of industrial localization. Though the expected value of the index is known, ad hoc thresholds are used to interpret the extent of localization. We improve the interpretation of the index by simulating confidence intervals that a...

Persistent link: https://www.econbiz.de/10010777022

Are compact cities environmentally friendly?

Gaigné, Carl; Riou, Stéphane; Thisse, Jacques-François - In: Journal of Urban Economics 72 (2012) 2, pp. 123-136

There is a wide consensus among international institutions and national governments in favor of compact (i.e. densely populated) cities as a way to improve the ecological performance of the transport system. Indeed, when both the intercity and intra-urban distributions of activities are given, a...

Persistent link: https://www.econbiz.de/10010608581