Timeliness, Trade and Agglomeration.
An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronised deliveries can disrupt producti...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
National Bureau of Economic Research, Inc
2004
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