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Knowledge Exchange, Matching, and Agglomeration

Marcus Berliant (), Robert 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: 2005-06-23, Revised 2006-01-31
Note: Type of Document - pdf; pages: 38
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http://econwpa.repec.org/eps/urb/papers/0506/0506013.pdf (application/pdf)

Related works:
Journal Article: Knowledge exchange, matching, and agglomeration (2006) Downloads
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2004) Downloads
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2003) Downloads
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2003) Downloads
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2000) Downloads
Working Paper: Knowledge exchange, matching, and agglomeration (2000) Downloads
Working Paper: Knowledge Exchange, Matching, and Agglomeration (2000) Downloads
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