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Is new economic geography right? : evidence from price data

著者: Jessie Handbury; David E Weinstein; National Bureau of Economic Research.
出版商: Cambridge, Mass. : National Bureau of Economic Research, ©2011.
丛书: Working paper series (National Bureau of Economic Research), no. 17067.
版本/格式:   电子图书 : 文献 : 英语查看所有的版本和格式
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提要:
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  再读一些...
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提及的人: Paul R Krugman
材料类型: 文献, 互联网资源
文件类型: 互联网资源, 计算机文档
所有的著者/提供者: Jessie Handbury; David E Weinstein; National Bureau of Economic Research.
OCLC号码: 728638137
注意: "May 2011."
Title from http://www.nber.org/papers/17067 viewed June 3, 2011.
描述: 1 online resource (53 p.) : ill.
丛书名: Working paper series (National Bureau of Economic Research), no. 17067.
责任: Jessie Handbury, David E. Weinstein.

摘要:

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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