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stochastic nature of the dynamics, even when agglomeration occurs, it is only a metastable state. By giving time and firms … heterogeneity a role, we are bringing the evolutionary approach inside the domain of economic geography. …
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stochastic nature of the dynamics, even when agglomeration occurs, it is only a metastable state. By giving time and firms … heterogeneity a role, we are bringing the evolutionary approach inside the domain of economic geography. …
Persistent link: https://www.econbiz.de/10005518677
structure is twofold. First, when driven by utility differentials, it contributes to agglomeration because of the presence of … population, and decreases with transport costs. …
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This paper studies how firm heterogeneity in terms of productivity affects the balance between agglomeration and … endogenous markups. It shows that firm heterogeneity matters. However, whether it shifts the balance from agglomeration to … ‘evenness’. Accordingly, the role of firm heterogeneity in selection models of agglomeration can not be fully understood without …
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suggest that agglomeration economies are likely to accommodate heterogeneous firms that co-exist in the same region. …
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