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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

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

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

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

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

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

Services, Comparative Advantage and Agglomeration of Economic Activity: A Ricardo-Marshall Model

Pflüger, Michael - 2014

The last one and a half centuries have 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...

Persistent link: https://www.econbiz.de/10011400174

How deep is your love? A quantitative spatial analysis of the transatlantic trade partnership

Krebs, Oliver; Pflüger, Michael - 2016

This paper explores the effects of trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. We use a new quantitative spatial trade model with consumptive and productive uses of land and inputoutput linkages. Our...

Persistent link: https://www.econbiz.de/10011869117

Services, Comparative Advantage and Agglomeration of Economic Activity: A Ricardo-Marshall Model

Pflüger, Michael; Tabuchi, Takatoshi - 2014

Persistent link: https://www.econbiz.de/10010396677

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

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