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This paper selectively reviews recent research on the economics of agglomeration. Theory offers a long list of forces that might explain the spatial concentration of economic activity. The increased availability of disaggregated data - by firm, by worker, and by geographical unit - presents...
Persistent link: https://www.econbiz.de/10005608846
This paper considers the role of developers in the formation of cities. Existing treatment of the location of economic activity between cities either ignore developers entirely (e.g. Stiglitz 1977) or endow them with limitless power (e.g., Henderson 1988). Reality lies somewhere in between; most...
Persistent link: https://www.econbiz.de/10005608918
This paper examines the competitive provision of club goods with costly exclusion. The authors consider two exclusion regimes: fine and coarse. With fine exclusion, a provider can charge both a membership fee and a per use price. With coarse exclusion, a provider can charge a membership fee...
Persistent link: https://www.econbiz.de/10005271841