Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...

Books reviewed: Der-Horng Lee, Urban and Regional Transportation Modeling: Essays in Honor of David Boyce Richard Netzer, The Property Tax, Land Use and Land Use Regulation Eric Sheppard and Robert B. McMaster, Scale and Geographic Inquiry: Nature, Society, and Method Laura A. Reese and David...

In metropolitan areas, people are employed in central cities but may reside in suburbs. Through this economic linkage, local property taxes affect neighboring localities within a metropolitan area even when the entire region is small and open with respect to the external markets for...