The Wealth of Cities: Agglomeration Economies and Spatial Equilibrium in the United States

  title={The Wealth of Cities: Agglomeration Economies and Spatial Equilibrium in the United States},
  author={Edward L. Glaeser and Joshua D. Gottlieb},
  journal={NBER Working Paper Series},
Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space. This condition implies that research on cities is different from research on countries, and that work on places within countries needs to consider population, income and housing prices simultaneously. Housing supply elasticity will determine whether urban success shows up in more people or higher incomes. Urban economists generally accept the existence of… 

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  • J. Meekes
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    SSRN Electronic Journal
  • 2021
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