Lu, Yi; Tao, Zhigang; Yu, Linhui - Volkswirtschaftliche Fakultät, … - 2011
Agglomeration brings costs (e.g., intensified local competition) as well as benefits (e.g., knowledge spillover). It is … important to examine the net impact of agglomeration to understand the geographic distribution of economic activities. In this … study, we use firm markup (defined as the ratio of price over marginal cost) to capture the net impact of agglomeration …