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- W4213028768 abstract "In the 18th century, every second merchant ship sailing from Britain to the Baltic did not carry any exports. This was caused by trade imbalances that were driven by high demand for grains and other raw materials in Britain. Trip level data show that merchant ships based in larger British cities were more likely to make non-empty trips and carried more varieties. This paper argues that wider and denser networks of merchants in large cities, which facilitated information flows and improved the efficiency of matching, allowed them to outperform merchants from smaller British ports. Furthermore, ships that were based in smaller ports did not improve their performance when they departed from larger cities. This finding and additional tests provide evidence against competing explanations." @default.
- W4213028768 created "2022-02-24" @default.
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- W4213028768 date "2022-05-01" @default.
- W4213028768 modified "2023-09-26" @default.
- W4213028768 title "Merchant networks in big cities" @default.
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- W4213028768 doi "https://doi.org/10.1016/j.jue.2022.103440" @default.
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