History and the Sizes of Cities
对比了城市路径依赖的证据与校准模型,发现常用模型无法解释城市规模的长期持续性,并提出了允许多重均衡的修改方向。
We contrast evidence of urban path dependence with efforts to analyze calibrated models of city sizes. Recent evidence of persistent city sizes following the obsolescence of historical advantages suggests that path dependence cannot be understood as the medium-run effect of legacy capital but instead as the long-run effect of equilibrium selection. In contrast, a different, recent literature uses stylized models in which fundamentals uniquely determine city size. We show that a commonly used model is inconsistent with evidence of long run persistence in city sizes and propose several modifications that might allow for multiplicity and thus historical path dependence.