The DOI matches its Crossref record; 26 of the 26 references it cites were found in a registry or an index.
Networking off Madison Avenue
Abstract
This paper studies the advertising agency industry in Manhattan to infer networking benefits among agencies in close spatial proximity. We use economic census data that allow us to distinguish locations at a fine level of geographic detail, so as to infer the strong effect on productivity of having more near advertising agency neighbours. Paying close attention to identification issues, we show, however, that there is extremely rapid spatial decay in the benefits of more near neighbours, even in the close quarters of southern Manhattan, a finding that is new to the literature. This suggests that high density of similar commercial establishments is important in enhancing local productivity for those industries found in large cities, where information sharing plays a critical role. Our results indicate that the benefits of more near neighbours are largely capitalized into rents rather than wages, challenging an existing literature, which estimates wage equations alone to infer agglomeration benefits. Copyright 2008, Wiley-Blackwell.
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Cites
Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations
Jaffe, A. B., Trajtenberg, M., & Henderson, R. (1993) · The Quarterly Journal of Economics · doi:10.2307/2118401 · Cited by 7,791
Discrete Choice Methods with Simulation
Train, K. E. (2001) · doi:10.1017/cbo9780511805271 · Cited by 7,784
The Spatial Economy: Cities, Regions, and International Trade
Fujita, M., Krugman, P., & Venables, A. J. (1999) · doi:10.7551/mitpress/6389.001.0001 · Cited by 4,788
Estimating Discrete-Choice Models of Product Differentiation
Berry, S. T. (1994) · The RAND Journal of Economics · doi:10.2307/2555829 · Cited by 2,939
A Strategic Model of Social and Economic Networks
Jackson, M. O., & Wolinsky, A. (1996) · Journal of Economic Theory · doi:10.1006/jeth.1996.0108 · Cited by 2,588
Chapter 49 Evidence on the nature and sources of agglomeration economies
Rosenthal, S. S., & Strange, W. C. (2004) · Handbook of Regional and Urban Economics · doi:10.1016/s1574-0080(04)80006-3 · Cited by 2,226
Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach
Ellison, G., & Glaeser, E. L. (1997) · Journal of Political Economy · doi:10.1086/262098 · Cited by 2,112
Handbook of Regional and Urban Economics
Ioannides, Y. M. (2003) · Regional Science and Urban Economics · doi:10.1016/s0166-0462(02)00056-x · Cited by 1,528
Practical Nonparametric Statistics
Coakley, C. W., & Conover, W. J. (2000) · Journal of the American Statistical Association · doi:10.2307/2669565 · Cited by 1,396
Geography, Industrial Organization, and Agglomeration
Rosenthal, S. S., & Strange, W. C. (2003) · Review of Economics and Statistics · doi:10.1162/003465303765299882 · Cited by 1,347
Cited by
Peer effects in the diffusion of solar photovoltaic panels
Bollinger, B., & Gillingham, K. (2012) · Marketing Science · doi:10.1287/mksc.1120.0727 · Cited by 1,013
Glaeser, E. L., & Kerr, W. R. (2009) · Journal of Economics & Management Strategy · doi:10.1111/j.1530-9134.2009.00225.x · Cited by 452
Understanding the City Size Wage Gap
Baum-Snow, N., & Pavan, R. (2012) · The Review of Economic Studies · doi:10.1093/restud/rdr022 · Cited by 355
Metadata
- Authors
- ARZAGHI, M., & HENDERSON, J. V.
- Venue
- Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2008-10
- Volume
- 75
- Issue
- 4
- Pages
- 1011-1038
- ISSN
- 0034-6527 (ISSN-L)
- 1467-937X
- OpenAlex
- W2061794449
- Cited by
- 508
- References
- 26
- FWCI
- 42.47
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
