Cities are places where people commute to work and where goods are traded across space. While a large literature examines how lower commuting costs reshape cities, much less is known about within-city trade costs as a distinct force. This paper studies both channels using the construction of the...

Population concentration in the Seoul Metropolitan Area has continued unabated since the 1970s. In the 2010s, diverging productivity drove this trend-gains in semiconductor and knowledge-based sectors in the capital region versus losses in manufacturingoriented regional cities. Planned city...

The Henry George Theorem (HGT) in static models states that when a city has an optimal population size, aggregate urban differential land rents exactly cover costs of pure public goods. This paper extends the static HGT to dynamic settings. Through a series of dynamic models, the paper...

The causal relationship between living in a peripheral area and real estate investment decisions is currently unexplored in empirical literature. Using survey data on 2711 Italian respondents collected between 2022 and 2023, we show that living in a peripheral area has a negative impact on the...

"In recent years, urban policy-makers have been urged to adopt the development of urban policies for shrinking cities from an urban management perspective. However, urban management in shrinking cities is a difficult problem because it is fiscally restrictive compared with cities with growing...

This paper explores the macroeconomic consequences of regulatory barriers in housing markets. We take a European perspective, allowing us to offer novel facts, theory, and methodology. Our focus is on Germany, a compelling case exemplifying key characteristics unique to European city systems. To...

Mergers & Acquisitions (M&As) are strategic business transactions that combine the ownership of one firm with another, typically to achieve synergies, growth, and diversification. However, the spatial implications of transferring corporate control between cities have been largely overlooked....

This paper explores structural transformation in Harare, a city characterized by vertically divided authority. Harare's unique governance structure can offer invaluable insights into the role of political determinants in structural change in African cities. We aim to demonstrate how political...

We document that large cities were instrumental in shaping women's work and family outcomes in the early 20th century. We focus on migrants to Stockholm, Sweden's largest city, using representative, linked census data. Female migrants to Stockholm saw persistent changes in work and family...

The evolution toward more interconnected urban networks underscores the significance of spatial configuration in regional resilience. This study leverages the 2008 global financial crisis as a quasi-experimental context to examine how spatial structures shape the economic resilience of OECD...

Polycentric urban regions worldwide face the challenge of fully harnessing the potential of their cities. Lack of complementarity among cities in these regions can lead to competition, duplicated efforts, and missed opportunities for coordinated and sustainable development. This study examines...

The ability of cities to recuperate from disturbances and return to their evolutionary pathways depends, first and foremost, on the type of damage that the shock created. But in addition, it depends on how information is transmitted in the urban system and on how noise filters distort the...

Economic synergy is essential in functional polycentric metropolitan regions due to their high collaborative potential between area centers and subcenters, which results in greater competition. Our results indicate that, based on the theory of economic geography, economic activities in...

The New Economic Geography (NEG) has over the past decades become a leading paradigm in regional science and geography. This paper seeks to provide a retrospective and prospective look into its achievements and current challenges. Clearly, regions are not oases of tranquility. Uncertainty and...

This paper analyzes the urban impacts of hybrid WFH in the simplest possible model, relying on Leontief utility and production functions and other simplifying assumptions. The analysis shows that introduction of WFH raises both the wage and land consumption of households while shrinking the size...

Natural disasters are growing in frequency globally. Understanding how vulnerable populations respond to these disasters is essential for effective policy response. This paper explores the short- and long-run consequences of the 1906 San Francisco Fire, one of the largest urban fires in American...