Can one reconcile constant-returns-to-scale (CRS) -like behavior of cities with another bit of intuition about cities by saying that they are all about externalities and increasing returns to scale?
They can behave differently from small cities (e.g., have traffic jams), but the externalities do not affect medium-size and big cities differently (theproblems associated with traffic jams reach an upper bound).
这两句彻底难倒我了！
Can one reconcile constant-returns-to-scale (CRS) -like behavior of cities with another bit of intuition about cities by saying that they are all about externalities and increasing returns to scale?
理解起来排序应该是：Can one reconcile constant-returns-to-scale (CRS) and increasing returns to scale -like behavior of cities with another bit of intuition about cities by saying that they are all about externalities ?
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