This chapter surveys recent developments in agglomeration theory within a unifying
framework. We highlight how locational fundamentals, agglomeration economies, the spatial …

Economic activities are concentrated on a small share of inhabitable land. In our view, this
agglomeration is the outcome of a trade-off between increasing returns and transportation …

We propose an integrated framework to discuss the empirical literature on the local
determinants of agglomeration effects. We start by presenting the theoretical mechanisms …

We study the impact of widespread adoption of work-from-home (WFH) technology using an
equilibrium model where people choose where to live, how to allocate their time between …

Abstract In 2010, the European Union adopted the notion 'smart'in its new ten-year growth
strategy Europe 2020 stating that Europe should become a smart, sustainable, and inclusive …

Individual earnings are higher in bigger cities. We consider three reasons: spatial sorting of
initially more productive workers, static advantages from workers' current location, and …

Today, the Bay Area is home to the most successful knowledge economy in America, while
Los Angeles has fallen progressively further behind its neighbor to the north and a number …

Large cities produce more output per capita than small cities. This higher productivity may
occur because more talented individuals sort into large cities, because large cities select …

220 million Americans crowd together in the 3% of the country that is urban. 35 million
people live in the vast metropolis of Tokyo, the most productive urban area in the world. The …

This paper uses 2000 Census data to estimate the relationship of agglomeration and
proximity to human capital to wages. The paper takes a geographic approach, and focuses …