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Comparative advantage and agglomeration of economic activity
Pflüger, Michael; Tabuchi, Takatoshi - 2016
key insight that emerges is that the interaction between agglomeration economies and comparative advantage involves a … comparative advantage in sectors governed by this force whilst the impact of agglomeration economies is enhanced by trade cost … small economies is not only shaped by the primitives that determine agglomeration economies and comparative advantage but …
Persistent link: https://www.econbiz.de/10011543995
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Comparative Advantage and Agglomeration of Economic Activity
Pflüger, Michael P.; Tabuchi, Takatoshi - 2016
key insight that emerges is that the interaction between agglomeration economies and comparative advantage involves a … comparative advantage in sectors governed by this force whilst the impact of agglomeration economies is enhanced by trade cost … small economies is not only shaped by the primitives that determine agglomeration economies and comparative advantage but …
Persistent link: https://www.econbiz.de/10011559701
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Services, comparative advantage and agglomeration of economic activity : a Ricardo-Marshall model ; conference paper
Pflüger, Michael; Tabuchi, Takatoshi - 2014 - This version: March 1, 2014, Preliminary
The last century has witnessed dramatic changes in the world economy. The service (tertiary) sector, which at the beginning of the 20th century was of little importance relative to agriculture and manufacturing, has become the dominant sector today, accounting for 80% and more of value added in...
Persistent link: https://www.econbiz.de/10010482477
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Working from Home: Too Much of a Good Thing?
Behrens, Kristian; Kichko, Sergey; Thisse, Jacques-Francois - 2021
We develop a general equilibrium model with three primary production factors—land, skilled, and unskilled labor—and three sectors—construction, intermediate inputs, and final consump-tion—to study how different intensities of telecommuting affect the efficiency of firms that embrace home...
Persistent link: https://www.econbiz.de/10012492977
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When Worlds Collide : Different Comparative Static Predictions of Continuous and Discrete Agent Models with Land
Berliant, Marcus - 2019
This paper presents a difference in the comparative statics of general equilibrium models with land when there are finitely many agents, and when there is a continuum of agents. Restricting attention to quasi-linear and Cobb-Douglas utility, it is shown that with finitely many agents, an...
Persistent link: https://www.econbiz.de/10012894084
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Working from Home : Too Much of a Good Thing?
Behrens, Kristian; Kichko, Sergey; Thisse, Jacques-François - 2021
We develop a general equilibrium model with three primary production factors—land, skilled, and unskilled labor—and three sectors—construction, intermediate inputs, and final consumption—to study how different intensities of telecommuting affect the efficiency of firms that embrace home...
Persistent link: https://www.econbiz.de/10013250731
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Working from home : too much of a good thing?
Behrens, Kristian; Kichko, Sergey; Thisse, Jacques-François - 2021
We develop a general equilibrium model with three primary production factors - land, skilled, and unskilled labor - and three sectors - construction, intermediate inputs, and final consumption - to study how different intensities of telecommuting affect the efficiency of firms that embrace home...
Persistent link: https://www.econbiz.de/10012417444
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Pollution and city size: can cities be too small?
Borck, Rainald; Tabuchi, Takatoshi - 2015
We study the optimal and equilibrium size of cities in a monocentric city model with environmental pollution. Pollution is related to city size through the effect of population on production, commuting, and housing consumption. If pollution is local, we find that equilibrium cities are too...
Persistent link: https://www.econbiz.de/10011301720
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Services, Comparative Advantage and Agglomeration of Economic Activity: A Ricardo-Marshall Model
Pflüger, Michael; Tabuchi, Takatoshi - 2014
The last century has witnessed dramatic changes in the world economy. The service (tertiary) sector, which at the beginning of the 20th century was of little importance relative to agriculture and manufacturing, has become the dominant sector today, accounting for 80% and more of value added in...
Persistent link: https://www.econbiz.de/10010396677
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City size and the Henry George theoremunder monopolistic competition
Behrens, Kristian; Murata, Yasusada - Center for Operations Research and Econometrics … - 2007
We analyze the equilibrium and the optimal resource allocations in a monocentric city undermonopolistic competition. Unlike the constant elasticity of substitution (CES) case, wherethe equilibrium markups are independent of the city size, we present a variable elasticity ofsubstitution (VES)...
Persistent link: https://www.econbiz.de/10005868757