Title: Firm fragmentation and urban patterns
Description: "We document several empirical regularities regarding the evolution of urban structure  in the largest U.S. metropolitan areas over the period 1980-1990. These regularities  relate to changes in resident population, employment, occupations, as well as the  number and size of establishments in different sections of the metropolitan area. We  then propose a theory of urban structure that emphasizes the location and integration  decisions of Örms. In particular, Örms can decide to locate their headquarters and  operation plants in diÞerent regions of the city. Given that cities experienced positive population growth throughout the 1980s, we show that our theory accounts for the diverse facts documented in the paper."--Federal Reserve Bank of Richmond web site.
Subjects: Business enterprises, Econometric models, Growth, Planning
Places: United States