formulate and promote policies that foster clustering of economic activity. Paradoxically, although agglomeration rents are …

agglomeration processes. …

incentives are in the presence of agglomeration and urbanisation externalities. We find evidence that regional industrial …

This paper studies the social desirability of agglomeration and the efficiency arguments for policy intervention in a … stable equilibria with partial agglomeration of firms in addition to core-periphery equilibria for intermediate levels of … trade costs. Our central finding is that the market equilibrium is characterised by over-agglomeration for high trade costs …

upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the …

diversification of capital agglomeration of capital occurs. Hence, regional policy will not achieve its objective to equal the spatial …

'agglomeration in a system of cities' in which both intra-city trade and inter-city trade are considered. Enriching both the … literature on integration/agglomeration and that on city size and formation, we show that: i) devolution results in over-agglomeration …