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        <dc:title>Urban growth and subcenter formation: A trolley ride from the Staples Center to Disneyland and the Rose Bowl</dc:title>
        <dc:creator>Berliant, Marcus</dc:creator>
        <dc:creator>Wang, Ping</dc:creator>
        <dc:subject>R12 - Size and Spatial Distributions of Regional Economic Activity</dc:subject>
        <dc:subject>D51 - Exchange and Production Economies</dc:subject>
        <dc:subject>C78 - Bargaining Theory ; Matching Theory</dc:subject>
        <dc:description>The long-term trends of urbanization suggest: not only have more cities formed, but the leading metropolises have grown larger, with a number of peripheral subcenters developing over time. Conventional models of urban growth are limited, in that commuting cost and congestion eventually result in decreasing returns in a monocentric city as population becomes very large. We construct a general-equilibrium model with dynamic interactions between spatial agglomeration and urban development, driven by location-dependent knowledge spillovers. Our contribution allows endogenous development of subcenters to capture benefits from knowledge spillovers and offset diminishing returns from urban congestion, thus permitting more sustained city growth.</dc:description>
        <dc:date>2007-04-17</dc:date>
        <dc:type>MPRA Paper</dc:type>
        <dc:type>NonPeerReviewed</dc:type>
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        <dc:identifier>https://mpra.ub.uni-muenchen.de/2770/1/MPRA_paper_2770.pdf</dc:identifier>
        <dc:identifier>  Berliant, Marcus and Wang, Ping  (2007): Urban growth and subcenter formation: A trolley ride from the Staples Center to Disneyland and the Rose Bowl.    </dc:identifier>
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