Dynamic Urban Models: Agglomeration and Growth
- Creators
- Berliant, Marcus
- Wang, Ping
Abstract
Theoretical models of urban growth are surveyed in a common framework. Exogenous growth models, where growth in some capital stock as a function of investment is assumed, are examined first. Then endogenous growth models, where use of some factor by a firm increases the productivity of other firms, are studied. These are all models with perfect competition among agents. Next, models with imperfect competition are discussed. There are two varieties: those employing a monopolistic competition approach to product differentiation, and those employing explicit externalities but lacking some markets. Finally, avenues for future research are explored. Correlations between agglomeration and growth in the various models and data are compared.
Additional Information
We thank Gilles Duranton, Masa Fujita, Bob Helsley, David Pines, Will Strange, Jacques Thisse, and participants at the Regional Science Association International Meetings for valuable comments and suggestions. The first author gratefully acknowledges financial support from the American Philosophical Society. Needless to say, the usual disclaimer applies. Published as Berliant, M., & Wang, P. (2004). Dynamic urban models: agglomeration and growth. Contributions to Economic Analysis, 266, 531-581.Attached Files
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Additional details
- Eprint ID
- 79706
- Resolver ID
- CaltechAUTHORS:20170801-144041981
- American Philosophical Society
- Created
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2017-08-01Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper