History (sometimes) matters for the location and sizes of cities and neighborhood segregation patterns within cities. Together with evidence on rapid neighborhood change and self-fulfilling expectations, this implies that nature might not completely determine the spatial structure of the economy. Instead, the spatial economy might be characterized by multiple equilibria or multiple steady-state equilibrium paths, where history and expectations can play decisive roles. Better evidence on the conditions under which history matters can help improve theory and policy analysis. ? 2020 Elsevier B.V.

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5 January 2022

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Regional Science and Urban Economics 942022

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DOI: 10.1016/j.regsciurbeco.2020.103628

https://www.sciencedirect.com/science/article/pii/S0166046220303136

This Journal article is published under the centre's Urban programme.