Essays on Prices and Variety Across Cities
In Krugman (1991), agglomeration is driven by consumption externalities related to differences in the average price across locations. Variety plays a central role here: the price index is lower in larger cities because more varieties are produced there, but all products are available everywhere, so...
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| Language: | English |
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2012
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| Online Access: | https://doi.org/10.7916/D8H99C8B |