A productivity model of city crowdedness

Jordan Rappaport

No RWP 06-06, Research Working Paper from Federal Reserve Bank of Kansas City

Abstract: Population density varies widely across U.S. cities. A simple, static general equilibrium model suggests that moderate-sized differences in cities? total factor productivity can account for such variation. Nevertheless, the productivity required to sustain above-average population densities considerably exceeds estimates of the increase in productivity caused by such high density. In contrast, increasing returns to scale may be able to sustain multiple equilibria at below-average population densities.

Keywords: Cities and towns; Productivity; Population (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-eff, nep-geo and nep-ure
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Citations: View citations in EconPapers (5)

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Journal Article: A productivity model of city crowdedness (2008)
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