Adjustment Costs and Long Run Spatial Agglomerations
AbstractWe introduce knowledge spillovers as an externality in the production function of competitive Ãƒï¿½Ã¯Â¿Â½firms operating in a Ãƒï¿½Ã¯Â¿Â½nite spatial domain under adjustment costs. Spillovers are spatial as productive knowledge Ãƒï¿½Ã¯Â¿Â½flows more easily among firms located nearby. When knowledge spillovers are not internalized by Ãƒï¿½Ã¯Â¿Â½firms spatial agglomerations may emerge endogenously in a competitive equilibrium, however, they do not emerge at the steady state of the social optimum.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 1327.
Date of creation:
Date of revision:
Investment theory; adjustment costs; spatial agglomerations;
Other versions of this item:
- William Brock & Anastasios Xepapadeas & Athanasios Yannacopoulos, 2013. "Adjustment Costs and Long Run Spatial Agglomerations," Working Papers 2013.68, Fondazione Eni Enrico Mattei.
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chincarini, Ludwig & Asherie, Neer, 2008. "An analytical model for the formation of economic clusters," Regional Science and Urban Economics, Elsevier, vol. 38(3), pages 252-270, May.
- Athanasios Yannacopoulos & Anastasios Xepapadeas & William Brock, .
"Optimal Agglomerations in Dynamic Economics,"
DEOS Working Papers
1217, Athens University of Economics and Business.
- William A. Brock & Anastasios Xepapadeas & Athanasios N. Yannacopoulos, 2012. "Optimal Agglomerations in Dynamic Economics," Working Papers 2012.64, Fondazione Eni Enrico Mattei.
- William Brock & Anastasios Xepapadeas & Athanasios Yannacopoulos, 2014. "Optimal Agglomerations in Dynamic Economics," DEOS Working Papers 1403, Athens University of Economics and Business.
- Brock, William A, 1974. "Money and Growth: The Case of Long Run Perfect Foresight," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(3), pages 750-77, October.
- Scheinkman, Jose Alexandre, 1978. "Stability of Separable Hamiltonians and Investment Theory," Review of Economic Studies, Wiley Blackwell, vol. 45(3), pages 559-70, October.
- Lucas, Robert E, Jr & Prescott, Edward C, 1971. "Investment Under Uncertainty," Econometrica, Econometric Society, vol. 39(5), pages 659-81, September.
- Robert E. Lucas & Jr., 1967. "Adjustment Costs and the Theory of Supply," Journal of Political Economy, University of Chicago Press, vol. 75, pages 321.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekaterini Glynou).
If references are entirely missing, you can add them using this form.