Cities in the top decile of the city-size distribution have a 50% lower markup than cities in the bottom decile. That is from the job market paper of Santiago Franco, who is on the job market from University of Chicago with one of this year’s most interesting papers. Does that stylized fact then mean there
The post Urban sentences to ponder appeared first on Marginal REVOLUTION.
Cities in the top decile of the city-size distribution have a 50% lower markup than cities in the bottom decile.
That is from the job market paper of Santiago Franco, who is on the job market from University of Chicago with one of this year’s most interesting papers. Does that stylized fact then mean there are too many firms and outlets in the major cities, and not enough in the lesser cities?
The post Urban sentences to ponder appeared first on Marginal REVOLUTION.
Economics