Rising scale elasticity of demand explains the increase in negative earnings and lowers modeled GDP by 9.1% through labor and demand reallocation.
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A bilevel optimization framework smooths isotonic regression outputs into continuous piece-wise linear monotonic functions to recover marginal properties in both convex and non-convex cases.
TFP distributions across density levels are statistically identical up to mean, variance, and truncation, implying urban productivity advantages arise from agglomeration economies alone.
citing papers explorer
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The Rise of Negative Earnings and Demand Shifting Investment
Rising scale elasticity of demand explains the increase in negative earnings and lowers modeled GDP by 9.1% through labor and demand reallocation.
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Piece-wise linear isotonic regression
A bilevel optimization framework smooths isotonic regression outputs into continuous piece-wise linear monotonic functions to recover marginal properties in both convex and non-convex cases.
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Is Productivity Advantage of Cities Really Down To Mean and Variance?
TFP distributions across density levels are statistically identical up to mean, variance, and truncation, implying urban productivity advantages arise from agglomeration economies alone.