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Agglomeration and Trade RevisitedGianmarco I.P. OttavianoBocconi University - Department of Economics and Paolo Baffi Centre on Central Banking and Financial Regulation Jacques-François ThisseCatholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE); Centre for Economic Policy Research (CEPR) June 1998 CEPR Discussion Paper Series Number 1903 Abstract: The purpose of this paper is two-fold. First, we present a model of agglomeration and trade that displays the main features of the recent economic geography literature, while allowing for the derivation of analytical results by means of simple algebra. Second, we show how this framework can be used to tackle the following important issues: (i) the impact on agglomeration of alternative pricing policies used in the space-economy, with a special focus on the distinction between segmented and integrated markets; (ii) a forward-looking approach to the dynamics of migration in the process of agglomeration, instead of the simple Marshallian model used so far in the economic geography literature.
JEL Classification: F12, L13, R13 working papers seriesDate posted: September 25, 1998Suggested CitationContact Information
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