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Is new economic geography right? : evidence from price data

作者: Jessie Handbury; David E Weinstein; National Bureau of Economic Research.
出版商: Cambridge, Mass. : National Bureau of Economic Research, ©2011.
叢書: Working paper series (National Bureau of Economic Research), no. 17067.
版本/格式:   電子書 : 文獻 : 英語所有版本和格式的總覽
資料庫:WorldCat
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  再讀一些...
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提及的人: Paul R Krugman
資料類型: 文獻, 網際網路資源
文件類型: 網路資源, 電腦資料
所有的作者/貢獻者: Jessie Handbury; David E Weinstein; National Bureau of Economic Research.
OCLC系統控制編碼: 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.
叢書名: Working paper series (National Bureau of Economic Research), no. 17067.
責任: 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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