Article Abstract:
Thick market or agglomeration effects may be associated own-industry, supply-side, and demand-side spillovers. A theoretical framework that measures and evaluates such spillovers, allows to estimate their cost-effects and to evaluate their contribution to location decisions. Empirical analysis is done on spillovers in United States food manufacturing industry across states and from agricultural input supply and consumer demand.
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Article Abstract:
The first-best is achieved by companies if they can limit their salaries under local public land ownership, which is contrary to a recent study which claims that decentralizing first-best presents more challenges compared with conventional Tiebout models. The equilibrium city size is excessively small in deregulated market equilibrium conditions in which absentee landowners exist.
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Article Abstract:
Canonical endogenous growth model is incorporated into Romer's product proliferation model to derive Zipf's law of cities. Stochastic performance of innovation and local spillovers is considered as basis for growth models.
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