Are the observed spatial distributions of firms decided mostly by market-mediated, economy-wide locational forces, or rather by non-pecuniary, sector-specific ones? This work finds that the latter kind of forces weight systematically more than the former in deciding firm location. The analysis...

This paper presents a model of firm localization allowing for non-linear, quadratic externalities. The model and its numerical estimation procedure manage to disentangle localization externalities from the intrinsic advantages of regions. Moreover, the introduction of a quadratic term can...

Which features did belong peculiarly to England so as to make it the only possible cradle of the Industrial Revolution? The present work shows that, by combining the effect of relative prices with the joint effect of scale economies and demand, it is possible to provide a purely economic...

Was the adoption of the spinning jenny profitable only in England? No. The present work finds that the jenny was profitable also in France. Such result contrasts recent findings on the topic by revising basic computations on the profitability of the spinning jenny. -- Industrial Revolution ;...

In this paper we present a simple agent based model aimed to the qualitative description of some ``stylized facts'' typical of financial markets. The framework is a simple two assets model: a riskless bond, with a constant riskless return and a risky stock, paying constant dividends. Both the...

We present a simple agent based model aimed at the qualitative description of trading activity in a "stylized" financial market. A two assets economy is considered, with a bond providing a riskless constant return and a risky stock, paying constant dividends, whose price is fixed via Walrasian...