An equilibrium model of city size |
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Authors: | Charles Upton |
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Affiliation: | Graduate School of Business Administration, Rutgers University, Newark, New Jersey 07102 USA |
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Abstract: | This paper develops an equilibrium model of city size in which population distribution, real prices, and real wages are determined. Two possible modifications are considered, one involving externalities. The partial equilibrium changes resulting from these modifications are derived and seen to be quite different from the general equilibrium changes. Finally, the paper suggests that site-specific factors of production must be introduced into any consistent model of city size. |
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