HKS Affiliated Authors
Fred and Eleanor Glimp Professor of Economics, FAS
Excerpt
Excerpt
Agglomeration Economics. Edward Glaeser, February 2010, Book Chapter. "When firms and people are located near each other in cities and in industrial clusters, they benefit in various ways, including by reducing the costs of exchanging goods and ideas. One might assume that these benefits would become less important as transportation and communication costs fall. Paradoxically, however, cities have become increasingly important, and even within cities industrial clusters remain vital. Agglomeration Economics brings together a group of essays that examine the reasons why economic activity continues to cluster together despite..." Link