Invest locally or globally? A normative analysis of transport policies in a footloose capital model with interregional intraregional transportation costs
AbstractIn this paper, we introduce a distinction between interregional and intraregional transportation costs, in a footloose capital model. This allows assessing more precisely the effects of different types of transport policies, on the spatial distribution of activities. From a normative point of view, we find that, in absence of regulation, the concentration of firms is too high in the center. We show what set of transport policies improves the equilibrium.
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Bibliographic InfoPaper provided by Katholieke Universiteit Leuven, Centrum voor Economische Studiën in its series Center for Economic Studies - Discussion papers with number ces11.14.
Date of creation: Jun 2011
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-25 (All new papers)
- NEP-GEO-2011-06-25 (Economic Geography)
- NEP-URE-2011-06-25 (Urban & Real Estate Economics)
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