Optimal Agglomerations in Dynamic Economics
AbstractWe study rational expectations equilibrium problems and social optimum problems in infinite horizon spatial economies in the context of a Ramsey type capital accumulation problem with geographical spillovers. We identify sufficient local and global conditions for the emergence (or not) of optimal agglomeration, using techniques from monotone operator theory and spectral theory in infinite dimensional Hilbert spaces. Our analytical methods can be used to systematically study optimal potential agglomeration and clustering in dynamic economics.
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Bibliographic InfoPaper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1217.
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Agglomeration; spatial spillovers; spillover induced instability; rational expectations equilibrium; social optimum; monotone operators.;
Other versions of this item:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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- Carmen, CAMACHO & Benteng, ZOU, 2003.
"The Spatial Solow Model,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
2003017, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- William Brock & Anastasios Xepapadeas & Athanasios Yannacopoulos, .
"Adjustment Costs and Long Run Spatial Agglomerations,"
DEOS Working Papers
1327, Athens University of Economics and Business.
- William Brock & Anastasios Xepapadeas & Athanasios Yannacopoulos, 2013. "Adjustment Costs and Long Run Spatial Agglomerations," Working Papers 2013.68, Fondazione Eni Enrico Mattei.
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