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Many important questions in the field of public finance can be viewed as problems involving public policies in open economies. This paper draws together, from that perspective, a wide range of topics in public economics, emphasizing the implications of resource mobility for our understanding of...
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'agglomeration in a system of cities' in which both intra-city trade and inter-city trade are considered. Enriching both the …-agglomeration (fewer cities, which tend to be over-sized) and low welfare; ii) the higher the level of spatial (i.e. transport costs) and … economic (i.e. intensity of trade) integration, the higher is the magnitude of the inefficiency. From a theoretical point of …
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search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search …. This trade-off differs between regions, because search is more efficient in larger regions. Then, interregional mobility … and trade lead to a pattern of specialization where large scale regions have a comparative advantage in producing …
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and natural and historical trade networks played a vital role in urban recovery. Our study highlights the role played by …The Black Death killed 40% of Europe's population between 1347-1352, making it one of the largest shocks in the history … growth. On average, cities recovered their pre-Plague populations within two centuries. In addition, aggregate convergence …
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households. Urban policy often focusses on reducing segregation through physical measures in cities, such as demolishing houses …Income inequality is increasing in European cities and this rising inequality has a spatial footprint in cities and … neighbourhoods. Poor and rich people are increasingly living separated and this can threaten the social sustainability of cities. Low …
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