Urban Agglomeration Economies Reveal Surprising Complexity, Challenging Conventional Assumptions
The study looked at how big cities in the U.S. affect the efficiency of manufacturing businesses. Researchers wanted to better understand the benefits companies gain from being near each other in cities. By analyzing how businesses grow as cities get bigger, they found that these benefits are more complicated than previously thought. This suggests that there's more to learn about why businesses cluster in cities, beyond just basic ideas.