overlapping generation framework with heterogeneous individuals allows us to study the effects of ageing on agglomeration … processes by analytically identifying the level of trade costs that triggers catastrophic agglomeration. Interestingly, this … the symmetric equilibrium more stable and therefore counteracts agglomeration tendencies. In sharp contrast to other New …

This article investigates agglomeration processes in ageing societies by introducing an overlapping generation … rates strengthens agglomeration processes, declining mortality rates weaken them. This is due to the fact that we allow for … distributional effects on agglomeration processes resulting from the turnover of generations. …

agglomeration processes. …

Modeling a micro-structure of agglomeration economies, this article derives a second-best benefit evaluation formula … for urban transportation improvements. Without explicitly modeling the sources of agglomeration economies, Venables (JTEP … monopolistic competition with differentiated products provides a micro-foundation of agglomeration economies. Introducing the rural …