ECP-4613 Lecture Notes - Lecture 4: Walter Isard, Edge City
Document Summary
Localization econs: cost savings that ind firm experiences from locating close to other firms in same industry. Urbanization econs: cost savings from locating close to firms in different industries; economies that result from proximity to corporate service providers (save on face to face meetings that occur bc minimal travel costs and things are expedited) Location; specialized int inputs have to be designed on a frequent basis and produced in complicated fashion (ex: buttons for a garment manufacturer in. Edge city: on the edge of a metro area and is growing very rapidly; rivals the central city in size. Also argues that agglom econs are not important anymore bc of all of our new communication technologies that are good substitutes for face to face interaction. If you look at a typical suburban firm, they don"t go to the edge cities, they go to their central cities.
