This paper explores integration and contagion among US metropolitan housing markets. The analysis applies Federal Housing Finance Agency (FHFA) house price repeat sales indexes from 384 metropolitan areas to estimate a ...
We propose a model where imperfect matching between firms and workers on local labor markets leads to spatial agglomeration. We show that the occurrence of spatial
agglomeration depends on initial size differences in terms ...
The paper engages with the notion that the new spatial logic, underpinned by information and communication technology (ICT) and the ‘space of flows’, manifests itself in the form of ‘informational cities’ described as ...