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Paper eres2015_144:
Knowledge Spillovers in Cities: The Creation and Transmission of Knowledge

id eres2015_144
authors Stiller, Johannes; Dirk Assmann
year 2015
title Knowledge Spillovers in Cities: The Creation and Transmission of Knowledge
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary We analyze knowledge spillovers in a search-theoretic spatial equilibrium framework with workers who are heterogeneous in knowledge type. Knowledge spillovers result from random face-to-face interactions between workers in the city. The outcome of those interactions crucially depends on the combination of the interacting individuals' knowledge types. In contrast to previous work, we explicitly model knowledge spillovers as the interplay of two channels: knowledge transmission (imitation) and knowledge creation (innovation). __Our results show that if the role of innovation is sufficiently important, individuals choose an excessively narrow range of partners to interact with, leading to lower than socially optimal creation of new ideas, which results in socially inefficient city sizes.
keywords Knowledge, Innovation, Agglomeration, Matching, Learning
series ERES:conference
type paper session
email johannes.stiller@ur.de
content file.pdf (375,919 bytes)
discussion No discussions. Post discussion ...
ratings
session Real Estate & Regional and Urban Economics
last changed 2015/07/08 18:06
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