CEP/Geography Urban and Regional Economics Seminars & CEP/LSE International Economics Seminars
Spatial economics for granular settings
Jonathan Dingel (The University of Chicago Booth School of Business), joint with CEP/LSE International Economics Seminars and UB Barcelona
Friday 27 March 2020 13:00 - 14:30
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About this event
We study the application of the "gravity" theoretical framework to empirical settings in which the pattern of economic activity is granular. In settings with fine spatial units or finite samples of the population, individual decision makers are large relative to the economic outcomes of interest. We propose a gravity-based general-equilibrium framework suitable for computing counterfactual outcomes in applications featuring granular commuting matrices. Granularity has consequences for estimates of behavioral responses to commuting costs, the margins of adjustments available to respond to counterfactual changes, and the sensitivity of aggregate outcomes to individual idiosyncrasies.
Participants are expected to adhere to the CEP Events Code of Conduct.
Urban and Regional Economics Seminars are part of the CEP's Urban and spatial programme.
International Economics Seminars are part of the CEP's Trade programme.