Leonardi, Marco; Moretti, Enrico - National Bureau of Economic Research - 2022
presence of demand externalities that arise from spatial agglomeration as a possible explanation, but empirically identifying … this type of spillovers has proven difficult. We test for the presence of agglomeration spillovers in Milan's restaurant … after the reform. Consistent with the existence of significant agglomeration externalities, we find that after 2005, the …