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Is new economic geography right? : evidence from price data

저자: Jessie Handbury; David E Weinstein; National Bureau of Economic Research.
출판사: Cambridge, Mass. : National Bureau of Economic Research, ©2011.
시리즈: Working paper series (National Bureau of Economic Research), no. 17067.
판/형식:   전자도서 : 문서 : 영어모든 판과 형식 보기
데이터베이스:WorldCat
요약:
The agglomeration force behind the New Economic Geography literature initiated by Krugman is based on the notion that larger markets should have a lower variety adjusted price index. Despite his Nobel Prize, there have been no tests of this idea. This paper represents the first such test. Using a rich dataset covering 10-20 million purchases of grocery items, we find that after controlling for store and shopping  더 읽기…
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명시된 사람: Paul R Krugman; Paul R Krugman
자료 유형: 문서, 인터넷 자료
문서 형식: 인터넷 자원, 컴퓨터 파일
모든 저자 / 참여자: Jessie Handbury; David E Weinstein; National Bureau of Economic Research.
OCLC 번호: 728638137
메모: "May 2011."
Title from http://www.nber.org/papers/17067 viewed June 3, 2011.
설명: 1 online resource (53 pages) : illustrations.
일련 제목: Working paper series (National Bureau of Economic Research), no. 17067.
책임: Jessie Handbury, David E. Weinstein.

초록:

The agglomeration force behind the New Economic Geography literature initiated by Krugman is based on the notion that larger markets should have a lower variety adjusted price index. Despite his Nobel Prize, there have been no tests of this idea. This paper represents the first such test. Using a rich dataset covering 10-20 million purchases of grocery items, we find that after controlling for store and shopping effects: 1) Aggregate grocery prices are lower in larger cities; 2) Residents of larger cities have access to substantially more varieties than residents of smaller cities; and 3) These forces combine to substantially lower variety adjusted prices in large cities. In short, Krugman was right.

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