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Des coûts de transaction croissants? Agglomération et commerce en présence de coûts de transaction endogènes.
Author(s) -
Duranton Gilles,
Storper Michael
Publication year - 2008
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1365-2966.2008.00464.x
Subject(s) - economies of agglomeration , transaction cost , economics , replicate , international trade , fixed cost , international economics , business , industrial organization , microeconomics , mathematics , statistics
. 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 that seeks to replicate features from the machinery industry, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade. The subtle relationship between (endogenous) transport costs and the sensitivity of trade to distance is also explored.