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Diego Puga

@diegopuga.org
1.8K followers 167 following 366 posts

Professor of Economics at CEMFI doing research on urban economics

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Diego Puga @diegopuga.org · 02/01/2026
Look back at lists of articles published in 2024 (bsky.app/profile/dieg...) 2023 (bsky.app/profile/dieg...), 2022 (bsky.app/profile/dieg...), 2021 (bsky.app/profile/dieg...), 2020 (bsky.app/profile/dieg...), 2019 (x.com/ProfDiegoPug...) & 2018 (x.com/ProfDiegoPug...)
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Diego Puga @diegopuga.org · 02/01/2026
j) Slattery, @jpol_econ.bsky.social. Subsidy bidding for firms in private-value English auctions shifts locations but yields small welfare gains. States compete away the surplus, transferring rents to firms and limiting effectiveness of place-based subsidies doi.org/10.1086/735509
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Bidding for Firms: Subsidy Competition in the United States | Journal of Political Economy: Vol 133, No 8
State and local governments in the United States compete to attract firms by offering discretionary subsidies. I use a private value English auction to model the subsidy bidding process and quantify t...
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Diego Puga @diegopuga.org · 02/01/2026
i) Miyauchi, Nakajima & @reddingecon.bsky.social, @qjeharvard.bsky.social. Tokyo smartphone data reveal trip chaining as central to urban mobility. Consumption externalities link locations, shaping agglomeration, work-from-home impacts, and returns to transport investment doi.org/10.1093/qje/...
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The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data*
ABSTRACT. We develop a tractable quantitative framework for modeling the rich patterns of spatial mobility observed in smartphone data. We show that travel
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Diego Puga @diegopuga.org · 02/01/2026
h) Loumeau, @restatjournal.bsky.social. Regional borders distort commuting and residential patterns. Fragmented transport networks create a 7km penalty when crossing French departmental borders; integrating them yields sizable real income gains doi.org/10.1162/rest...
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Regional Borders, Commuting, and Transport Network Integration
Abstract. This paper exploits spatial quasiexperimental variation around French departmental borders to provide novel evidence that regional borders disturb surrounding economic activity; namely, comm...
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Diego Puga @diegopuga.org · 02/01/2026
g) Curci & Masera, @restatjournal.bsky.social. Instrumenting crime with lagged lead exposure and soil chemistry shows large effects on suburbanization, racial sorting, and persistent impacts on urban amenities and productivity doi.org/10.1162/rest...
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Flight from Urban Blight: Lead Poisoning, Crime, and Suburbanization
Abstract. In this paper we study the effect of violent crime on residential and firms location decisions and their implications for segregation in cities. We do so by proposing a new instrument to exo...
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Diego Puga @diegopuga.org · 02/01/2026
f) Cavalcanti Ferreira, Monge-Naranjo & Torres de Mello, @jpol_econ.bsky.social. In Brazil, slum/rural schools ranking varies with parents’ education. Slums help low-educated families access urban jobs & schooling but act as intergenerational barrier for more educated families doi.org/10.1086/736210
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Of Cities and Slums | Journal of Political Economy: Vol 133, No 9
We study the emergence and persistence of urban slums in Brazil. Using data on labor markets, housing costs, and access to education, we construct a quantitative model to explore the impact of slums o...
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Diego Puga @diegopuga.org · 02/01/2026
e) Buchholz, Doval, Kastl, Matejka & @tobiassalz.bsky.social, @ecmaeditors.bsky.social. Estimating value of time key for transport evaluation, ride-hail data reveal large heterogeneity. Personalized pricing raises platform & driver surplus but slightly lowers consumer surplus doi.org/10.3982/ECTA...
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Personalized Pricing and the Value of Time: Evidence from Auctioned Cab Rides - The Econometric Society
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Diego Puga @diegopuga.org · 02/01/2026
d) Balboni, @aeajournals.bsky.social AER. Road investments in Vietnam favor coastal cities, but dynamic spatial estimates show infrastructure loses value as sea levels rise, implying large welfare gains from more foresighted, inland-focused investment doi.org/10.1257/aer....
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In Harm's Way? Infrastructure Investments and the Persistence of Coastal Cities
(January 2025) - Coasts contain a disproportionate share of the world's population, reflecting historical advantages, but environmental change threatens a reversal of coastal fortune in the coming dec...
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Diego Puga @diegopuga.org · 02/01/2026
c) @milena-almagro.bsky.social & Domínguez-Iino, @ecmaeditors.bsky.social. Heterogeneous residents sort across locations w endogenous amenities. In Amsterdam, tourism shifts neighbourhood amenities, compensates younger residents for high rents, amplifies losses for older ones doi.org/10.3982/ECTA...
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Location Sorting and Endogenous Amenities: Evidence from Amsterdam - The Econometric Society
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Diego Puga @diegopuga.org · 02/01/2026
b) @vaguirregabiria.bsky.social, Clark & Wang, @aeajournals.bsky.social AER. US bank deposits and loans are geographically imbalanced. Branch networks transfer liquidity but flows are limited by deposit-loan synergies (home bias) & market power (limits flows to small markets) doi.org/10.1257/aer....
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The Geographic Flow of Bank Funding and Access to Credit: Branch Networks, Synergies, and Local Competition
(June 2025) - Geographic dispersion of depositors, borrowers, and banks may prevent funding from flowing to high-loan-demand areas, limiting credit access. Using bank-county-year-level data, we provid...
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Diego Puga @diegopuga.org · 02/01/2026
a) Acosta & Håkonsson Lyngemark, RSUE. Firms fragment spatially & HQs become more manager-intensive. Danish data and a structural model highlight the role of within-firm scale effects, wage gaps, and communication frictions doi.org/10.1016/j.re...
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Diego Puga @diegopuga.org · 02/01/2026
These are 10 of my favourite #UrbanEconomics & #SpatialEconomics articles published in academic journals in 2025, continuing with a tradition started in 2018 (order is alphabetical by first author, no ranking implied):
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Diego Puga @diegopuga.org · 30/05/2025
Honoured and delighted to receive the 2025 Maurice Allais Prize in Economics, together with Gilles Duranton, for our paper Urban Growth and its Aggregate Implications (Econometrica, @ecmaeditors.bsky.social, 2023). 📷: Peter Gunnar
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Diego Puga @diegopuga.org · 08/03/2025
Huge congratulations, Judit! So well deserved!
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Reposted by Diego Puga
Lluis Montoliu @lluismontoliu.bsky.social · 08/03/2025
Llego a Alicante y veo este anuncio por la calle de los premios #JaimeI Premios Rei Jaume I y me ha parecido muy ingenioso, irónico, innovador y hecho con talento. Una estupenda idea. Enhorabuena al diseñador o diseñadora o publicista que lo ha ideado, por esta propuesta diferente.
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Diego Puga @diegopuga.org · 27/12/2024
You can also look back (in another platform) at my lists of 10 #UrbanEconomics articles published in 2023 (x.com/ProfDiegoPug...), 2022 (x.com/ProfDiegoPug...), 2021 (x.com/ProfDiegoPug...), 2020 (x.com/ProfDiegoPug...), 2019 (x.com/ProfDiegoPug...) & 2018 (x.com/ProfDiegoPug...)
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Diego Puga @diegopuga.org · 27/12/2024
j) Yabe, Garcia-Bulle, Frank, Pentland & @estebanmoro.bsky.social, @natureportfolio.bsky.social Human Behavior. Sequential visits to venues measured with smartphone pings deviate substantially from gravity, implying spatial shock diffusion is more complex than mere spatial decay t.ly/BGshD
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Behaviour-based dependency networks between places shape urban economic resilience - Nature Human Behaviour
Yabe and colleagues use human mobility data to identify dependencies in visitation patterns between places in cities, with unexpected prevalence at long-distance connections. Leveraging this network e...
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Diego Puga @diegopuga.org · 27/12/2024
i) Oberfield, Rossi-Hansberg, Sarte & Trachter, @jpolecon.bsky.social. Firms choose plant density in tractable model of trade-off between distance to consumers vs span-of-control, fixed costs & cannibalization; productive firms place more plants in dense high-rent areas, less elsewhere t.ly/N4Jds
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Plants in Space | Journal of Political Economy: Vol 132, No 3
To decide the number, size, and location of its plants, a firm balances the benefit of delivering goods from multiple plants with the cost of setting up and managing these plants and the potential for...
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Diego Puga @diegopuga.org · 27/12/2024
h) Miyauchi, @ecmaeditors.bsky.social. Using Japanese firm‐to‐firm transactions panel data, shows rematching following unexpected supplier bankruptcy improves with spatial density of alternative suppliers; this can account for big share of agglomeration benefits t.ly/0TTgV
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Matching and Agglomeration: Theory and Evidence from Japanese Firm-to-Firm Trade - The Econometric Society
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Diego Puga @diegopuga.org · 27/12/2024
g) Magontier, Solé-Ollé, @eviladecans.bsky.social, @jpube.bsky.social. With job benefits of coastal development more spatially concentrated than amenity losses, party alignment of neighbouring mayors eases cooperation & curbs development in Spain t.ly/s2yUT
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Diego Puga @diegopuga.org · 27/12/2024
f) Liu, Rosenthal & Strange, JUrbanEcon. Studies how building composition differs with anchor tenant inside, on blockface, across the street: anchors skew building's tenants towards their industry, building owners partly internalize externalities t.ly/EjLuc
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Diego Puga @diegopuga.org · 27/12/2024
e) @thetahat.bsky.social, @ecmaeditors.bsky.social. Field experiment with GPS data in Bangalore indicates commuters have moderate schedule inflexibility and high value of time, suggesting limited benefits from peak-spreading congestion charges in developing country megacities t.ly/_A6L7
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Peak-Hour Road Congestion Pricing: Experimental Evidence and Equilibrium Implications - The Econometric Society
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Diego Puga @diegopuga.org · 27/12/2024
d) Evensen, Steen & Ulsaker, @jeeanews.bsky.social. Non-linear relationship between effect of grocery store entry on competitors & distance: very close entry increases local demand & attracts customers but as distance increases competitive effect dominates t.ly/TRMT-
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Co-Location, Good, Bad, or Both: How do New Entries of Discount Variety Stores Affect Local Grocery Businesses?
Abstract. We analyse 69 entries and relocations by the largest Norwegian discount variety chain Europris during the period 2016–2019, and measure how its l
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Diego Puga @diegopuga.org · 27/12/2024
c) Couture, Gaubert, @handbury.bsky.social & Hurst, @reveconstudies.bsky.social. Spatial model of city with non-homothetic neighbourhood preferences & endogenous amenity quality: rising top incomes reshape US urban sorting, driving gentrification & displacing poorer households t.ly/XfHHZ
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Income Growth and the Distributional Effects of Urban Spatial Sorting
Abstract. We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quant
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Diego Puga @diegopuga.org · 27/12/2024
b) Baum Snow & Han, @jpolecon.bsky.social. Quantify US neighbourhood-level housing supply elasticities and their components, aggregating Bartik shocks with quantitative spatial model, revealing large within-city variations driven by land, topography, and regulation t.ly/3NOQM
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The Microgeography of Housing Supply | Journal of Political Economy: Vol 132, No 6
We perform a comprehensive neighborhood-level analysis of housing supply. Predictions of floor space and housing unit supply elasticities using our estimates average 0.5 and 0.3 across all urban neigh...
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Diego Puga @diegopuga.org · 27/12/2024
a) Accetturo, Cascarano & de Blasio, RSUE. In Italian areas more exposed to pirate raids, easier-to-defend but less productive locations ended up in being relatively more populated, effects persisted until 1960s t.ly/_l6xT
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Diego Puga @diegopuga.org · 27/12/2024
These are 10 of my favourite #UrbanEconomics articles published in academic journals in 2024 (continues a tradition started in 2018, order is alphabetical by first author, no ranking implied):
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Diego Puga @diegopuga.org · 23/12/2024
Governments should provide data on quality of public service provision, but often don’t. Thanks to Spain’s Freedom of Information Act & journalists like Montse Hidalgo, @danielegrasso.bsky.social & @iguacel.bsky.social we get facts like map of delays getting appointment with family doctor t.ly/Jnh_L
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Mapa de la atención primaria en España: más de la mitad de los centros de salud citan
pasadas 48 horas
Comunidades y Gobierno se pusieron como objetivo en 2019 garantizar atención no urgente en menos de dos días. Los datos de más de 2.500 centros de 16 comunidades revelan un panorama dispar
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Diego Puga @diegopuga.org · 18/12/2024
The final day of the 49th Symposium of the Spanish Economic Association kicked off on a high note with a social running event in beautiful Palma de Mallorca. A big thank you to everyone who joined!
SAEe Running Event Participants in front of Palma Cathedral
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Diego Puga @diegopuga.org · 29/11/2024
Applications to the Masters & PhD at @cemfi.es are now open. Today, Friday 29 Nov at 3pm CET we are holding an online information meeting for prospective students. Sign up here: bit.ly/3CGlXAb
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Diego Puga @diegopuga.org · 29/07/2024
Congratulations to @GioPietrabissa on his PhD defense before joining @LSEGeography in the fall. I feel very lucky to have been his advisor with Paula Bustos. Thanks to @JDelaRocaUSC, David Nagy & @m_saintmary for examining & to @MilenaAlmagro for her role in Giorgio's Committee t.co/bAjp...
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Diego Puga @diegopuga.org · 15/07/2024
#EconRA econjobmarket.org/positions/10683
econjobmarket.org
EJM - Econ Job Market
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Diego Puga @diegopuga.org · 15/07/2024
I am looking for a predoctoral fellow based at CEMFI to assist in the ERC-funded research project "City buzz: Quantity, quality, and variety implications of the urban environment" for one year starting September 2024 Application deadline 31 July...
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Diego Puga @diegopuga.org · 08/06/2024
Fantastic papers by @MilanQuentel, @PonsardJade & @anaisfabre_econ awarded the winner and runner-up prizes for the UEA Best Student paper. Very different but all with original interesting question & careful implementation. I very much enjoyed being part of the prize committee t.co/YhvTumxtrK
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Diego Puga @diegopuga.org · 02/06/2024
Another year of @CEMFInews runners enjoying a beautiful Sunday morning in Madrid running through the city in @thevintagerun 10k! x.com/kaytansevin/status/1797228820… x.com/ProfDiegoPuga/status/17973247…
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Diego Puga @diegopuga.org · 08/05/2024
Congratulations Dani (@darribas) on being awarded the Royal Geographic Society's (@RGS_IBG) Taylor & Francis Award for "leading the way in integrating data science into geography"! x.com/darribas/status/1787982207685…
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Diego Puga @diegopuga.org · 11/04/2024
Thrilled & grateful to get an ERC Advanced Grant for "City Buzz: Quantity, quality, and variety implications of the urban environment." My research career would not be possible without the 3 Adv. Grants from @ERCResearch supporting my research at @CEMFINews since 2012. Thank you t.co/wD2...
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Diego Puga @diegopuga.org · 02/02/2024
doi.org/10.1257/pol.20210817
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Diego Puga @diegopuga.org · 02/02/2024
Neat in @AEAJournals Policy by Borraz, @NicolsGonzlezP4, @CarozziFelipe & Zipitría. Uses place-based tax break to show housing stock growth raises grocery variety, lowers prices, little store change. Rationalised w/ @Thierry__Mayer, Melitz, Ottaviano model...
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Diego Puga @diegopuga.org · 23/01/2024
The @FundacioIEB Workshop on Urban Economics in Barcelona is always one of the most interesting and fun conferences on spatial topics. Applications open until 4 March, workshop 10-12 June 2024 t.co/5I4MWLl21A t.co/djUQwE5a1U
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Diego Puga @diegopuga.org · 10/01/2024
Having @monicambravo as a colleague is a great perk of @CEMFINews. With her appointment to lead Spain's social inclusion policies, Mónica goes from informing policy with RCTs to making informed decisions herself, a big step towards evidence-based policies & effective inclusion t.co/EZ603...
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Diego Puga @diegopuga.org · 02/01/2024
Carmen Valero shattered barriers as Spain's first female Olympic athlete & 2-time World XC Champion in an era when women were largely excluded from sports & other male-dominated roles. Spain's dramatic evolution since then is a tribute to her pioneering spirit & lasting legacy t.co/XjHyk...
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Diego Puga @diegopuga.org · 29/12/2023
Un privilegio haber estado en el Consejo Asesor de Asuntos Económicos. Gracias @NadiaCalvino y su equipo por la confianza y el liderazgo económico en una época compleja, lo mejor para la nueva etapa en @EIB y enhorabuena al nuevo ministro de Economía @carlos_cuerpo, gran elección t.co/3K...
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Diego Puga @diegopuga.org · 28/12/2023
doi.org/10.1257/aeri.20220011
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Diego Puga @diegopuga.org · 28/12/2023
i) Leonardi & Moretti, @AEAjournals AER Insights. Estimates agglomeration externalities from abolition of Milan regulation forcing minimum distance across restaurants; leads to cross-neighbourhood divergence, greater concentration triggers differentiation...
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Diego Puga @diegopuga.org · 28/12/2023
doi.org/10.1162/rest_a_01085
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Diego Puga @diegopuga.org · 28/12/2023
h) @thetahat & @MiyauchiYuhei, @restatjournal. Uses cell phone mobility data to infer spatially-detailed wages within a city: across model class, commuting choices aggregate up to a gravity equation & wages are proportional to destination fixed effects...
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Diego Puga @diegopuga.org · 28/12/2023
doi.org/10.1086/723009
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Diego Puga @diegopuga.org · 28/12/2023
g) Hsieh & @HansbergRossi, @JPolEcon Macro. New tech allowing service firms to scale up over many locations has increased national market concentration but decreased concentration & promoted variety at local level, particularly small & mid-sized US cities...
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Diego Puga @diegopuga.org · 28/12/2023
f) @Lfang17, Stewart & @justin_tyndall, @JUrbanEcon. Evidence from Toronto for homevoter hypothesis: councillors representing more homeowners oppose more housing bills, specially those proposing large developments within their own ward doi.org/10.1016/j.jue.2023.103608
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