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A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade policy. Fajgelbaum, Grossman, and Helpman (2011) formalize the Linder hypothesis that home demand...
Persistent link: https://www.econbiz.de/10012980681
to explore how the “menu” offered by a system of cities insures us against emerging risks. Insights from urban economics …
Persistent link: https://www.econbiz.de/10013043276
discusses strategies that have been successfully used in urban and regional economics for recovering such causal relationships …
Persistent link: https://www.econbiz.de/10013046178
influences the choices of entrepreneurs; entrepreneurial success influences the local economy. Yet modern urban economics has … paid relatively little attention to entrepreneurs. This essay introduces a special issue of Journal of Urban Economics …
Persistent link: https://www.econbiz.de/10013070489
Urban density boosts productivity and innovation, improves access to goods and services, reduces typical travel distances, encourages energy-efficient construction and transport, and facilitates sharing scarce amenities. However, density is also synonymous with crowding, makes living and moving...
Persistent link: https://www.econbiz.de/10013321724
economics in the past 20 years. The builder's equilibrium condition pushes us to understand the causes of supply differences … and high prices. Since the economic theory of cities emphasizes a search for exogenous causes of endogenous outcomes like …
Persistent link: https://www.econbiz.de/10013225036
With the renewed interest in cities as economic centers comes a need to understand how local public services and local taxes are likely to affect city economic performance. This paper provides an equilibrium model of an open city economy with mobile firms and resident workers. Given household...
Persistent link: https://www.econbiz.de/10013227495
This handbook chapter studies the theoretical micro-foundations of urban agglomeration economies. We distinguish three types of micro-foundations, based on sharing, matching, and learning mechanisms. For each of these three categories, we develop one or more core models in detail and discuss the...
Persistent link: https://www.econbiz.de/10013246357
informational role of cities is a primary reason for" their continued existence. This paper formalizes Marshall's theory in a model … of other implications of the theory are corroborated" empirically …
Persistent link: https://www.econbiz.de/10013246374
States. We describe the central economic questions raised by AD. While there is overlap with the economics of aging, the … defining features of the ‘economics of Alzheimer's Disease' is an emphasis on cognitive decline, choice by cognitively impaired … public programs for AD. These topics overlap with many areas of economics -- labor economics, health economics, public …
Persistent link: https://www.econbiz.de/10012824275