Knowledge Exchange, Matching, and Agglomeration

Marcus Berliant (), Robert R. Reed () and Ping Wang ()

Urban/Regional from EconWPA

Abstract: Despite wide recognition of their significant role in explaining sustained growth and economic development, uncompensated knowledge spillovers have not yet been fully modeled with a microeconomic foundation. This paper illustrates the exchange of knowledge as well as its consequences for agglomerative activity in a general-equilibrium search-theoretic framework. Agents, possessing differentiated types of knowledge, search for partners to exchange ideas in order to improve production efficacy. Contrary to previous work, we demonstrate that a decentralized equilibrium may be under-populated or over-populated and under-selective or over-selective in knowledge exchange, compared to the social optimum.

Keywords: matching; knowledge exchange and spillovers; agglomerative activity (search for similar items in EconPapers)
JEL-codes: C78 D51 R12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo and nep-ure
Date: Written
Note: Type of Document - pdf; pages: 38
View list of references

Downloads: (external link)
http://129.3.20.41/eps/urb/papers/0506/0506013.pdf (application/pdf)

Related works:
Working Paper: Knowledge exchange, matching, and agglomeration (2000)
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2000)
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2000)
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2003)
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2004)
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2003)
Journal Article: Knowledge exchange, matching, and agglomeration (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpur:0506013

Access Statistics for this paper

More papers in Urban/Regional from EconWPA
Series data maintained by EconWPA ().