By Richard J. Arnott, Daniel P. McMillen
A significant other to city Economics presents a cutting-edge evaluation of this box, speaking its highbrow richness via a various portfolio of authors and themes. designated in either its rigor and foreign therapy a terrific supplementary textbook in upper-level undergraduate city economics classes, or in master's point classes, supplying scholars with the required origin to take on extra complicated themes in city economics comprises contributions from the world’s top city economists
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Extra resources for A companion to urban economics
Many explanations have been put forward, though none has been modeled with precision. Animal husbandry and the domestication of wild grains permitted a nonnomadic, sedentary lifestyle, and presumably incremental technical progress in agriculture in due course made feasible an agricultural surplus that could be used to feed city dwellers. But since agriculture per se is not characterized by increasing returns to scale, on a large homogeneous plain these developments would lead to more efﬁcient agricultural production but not cities.
Yet there is no material input that is analogous to grapes. Something is going on that is leading to this kind of geographical concentration. It is tempting to speculate that the nature of high-technology production contributes to the spatial concentration of software development. Perhaps, ideas ﬂow more readily when engineers have opportunities to interact. 3. Here, we present the spatial concentration of employment in the carpet manufacturing industry, both for the country overall (top panel) and for the area centered around the northwest corner of Georgia.
1 INTRODUCTION Economics is the study of the allocation of scarce resources. Urban economics focuses on the allocation of resources across space. In considering this sort of resource allocation, a striking fact becomes apparent immediately: economic activity is highly concentrated. More than 75 percent of Americans live in cities as they are deﬁned by the US Census Bureau, and yet these cities occupy only 2 percent of the land area of the lower 48 states. This story is not unique to the United States.
A companion to urban economics by Richard J. Arnott, Daniel P. McMillen