Theories featuring multiple equilibria are now widespread across many fields of economics. Yet little empirical work has asked if such multiple equilibria are salient features of real economies. We examine this in the context of the Allied bombing of Japanese cities and industries in WWII. We...

This paper tests whether differences across states in pollution regulation affect the location of manufacturing activity in the U.S. Plant-level data from the Census Bureau's Longitudinal Research Database is used to identify new plant births in each state over the 1963-1987 period. This is...

This paper goes back to the topic of collective efficiency (CE) in localproductive systems and paths of territorial development. In general terms, such CEneeds the integration of markets mechanisms with systemic conditions that have natureof public goods. The discussion of an extended framework...