In this paper, we investigate the agglomeration patterns in a New Economic Geography model when commuting is allowed …. The introduction of both commuting and housing costs leads to a disentangling of the agglomeration of firms and people …. Commuting al- lows workers to continue living in agglomerations and enjoying the benefits of a larger product variety, despite …

elasticity of substitution by over 35%. Applied to U.S. import data from 1993-2007, the biases of the standard estimates …

International trade studies have higher macro (Armington) elasticity measures compared to international finance studies … gains from trade. Regarding the policy implications, this so-called international elasticity puzzle is solved in this paper … through expenditure shares. It is shown theoretically and confirmed empirically that the macro elasticity in international …