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Discussion Paper Details

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Title: Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs

Author(s): Gilles Duranton and Michael Storper

Publication Date: February 2005

Keyword(s): agglomeration, trade costs, transaction costs, transport costs and vertically linked industries

Programme Area(s): International Trade and Regional Economics

Abstract: While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade.

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Bibliographic Reference

Duranton, G and Storper, M. 2005. 'Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4933