Published: 2014 | Alain Bertaud | Marron Institute NYU Abstract A city’s welfare depends on its labor market. As long as a labor market does not fragment into adjacent, smaller ones as it grows, the larger the market, the more…
Urban Growth and its Aggregate Implications
Published: 2019 | Gilles Duranton, Diego Puga | Public Economics Abstract We develop an urban growth model where human capital spillovers foster entrepreneurship and learning in heterogenous cities. Incumbent residents limit city expansion through planning regulations so that commuting and…