Timeliness, Trade and Agglomeration.
An important element of the cost of distance is time taken in delivering final and intermediategoods. We argue that time costs are qualitatively different from direct monetary costs such asfreight charges. The difference arises because of uncertainty. Unsynchronised deliveries candisrupt production,...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Centre for Economic Performance, LSE
2004
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