Resource title

Buzz: face-to-face contact and the urban economy

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This paper argues that existing models of urban concentrations are incomplete unless grounded in the most fundamental aspect of proximity; face-to-face contact. Face-to-face contact has four main features; it is an efficient communication technology; it can help solve incentive problems; it can facilitate socialization and learning; and it provides psychological motivation. We discuss each of these features in turn, and develop formal economic models of two of them. Face-to-face is particularly important in environments where information is imperfect, rapidly changing, and not easily codified, key features of many creative activities.

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en

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application/pdf

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http://eprints.lse.ac.uk/20008/1/Buzz_Face-to-Face_Contact_and_the_Urban_Economy.pdf

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