Population concentration in the Seoul Metropolitan Area has continued unabated since the 1970s. In the 2010s, diverging productivity drove this trend-gains in semiconductor and knowledge-based sectors in the capital region versus losses in manufacturingoriented regional cities. Planned city...

We build a dynamic quantitative spatial model with mobile households and endogenous fertility to analyze the efficiency of equilibrium fertility choices and city size distribution. City size affects the economy through three channels: a larger city population increases productivity, affects...

Using French micro-data, we show that rapid structural transformation in densely populated cities is driven by the expansion of large tradable services firms and the departure of large manufacturing firms. This reallocation is accompanied by sharply rising house prices but without a compensating...

This paper establishes a novel city size premium which may be termed the capitalization premium. Real estate investors derive benefits from investing in larger cities, most notably lower housing risk and/or higher expected rent growth. Standard asset valuation implies that, given the level of...

STRING (South Western Baltic Sea Transregional Region - Implementing New Geography) is a regional cooperation of urban centers and regions in the Nordic countries and Northern Germany. The study shows that the member countries of STRING have developed dynamically over the last decades, both...