منابع مشابه
Urban production externalities*
Urban production externalities (agglomeration effects) are external effects among producers in areas with a high density of economic activity. Such external effects are the main explanation for why productivity is usually highest in those areas of a country where economic activity is densest. There is some disagreement about the strength of urban production externalities. What is clear however ...
متن کاملProduction Externalities and Urban Configuration
1 We are very grateful to Masa Fujita for his insightful comments. We have also benefitted from suggestions made by an associate editor, James Foster, Rob Reed, and participants of the Midwest Mathematical Economics Conference at the University of Michigan and of the Regional Science Association International Meetings at Santa Fe. The first and the second authors acknowledge financial support f...
متن کاملThe Sequential Core of an Economy with Environmental Externalities
In this paper we apply a coalitional stability analysis to a Cobb-Douglas economy with multilateral environmental externalities. We find that the sequential core of the economy can be unique, empty or nonempty depending on the intensity of agents' preferences on private and public goods.
متن کاملThe core of an economy with multilateral environmental externalities
When environmental externalities are international-i .. e. transfrontier-they most often are multilateral and embody public good characteristics. Improving upon inefficient laissez-faire equilibria requires voluntary cooperation for which the game-theoretic core concept provides optimal outcomes that have interesting properties against free riding. To define the core, however, the characteristi...
متن کاملHuman Capital Externalities: Evidence from the Transition Economy of Russia
The paper tests for the existence of human capital externalities, more precisely those stemming from higher education, using a micro-level approach: the Mincerian wage regression augmented with the average level of education in a local geographical area (city). To solve identification problems arising due to endogeneity of average education the study exploits a natural experiment provided by th...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.457580