articles: Multiple equilibria, stability, and asymmetries in Krugman's core-periphery model
Paul Krugman developed a general equilibrium model with two sectors and two regions in 1991, from which two patterns of industrial localization could be endogenously deduced, dispersion at 50% and total concentration. The introduction of transport costs, which depend on the size of the population, are meant to capture effects produced by the trade-off between congestion costs and advantages derived from the possession of infrastructure, thus generates stable asymmetric multiple equilibria. The outcome of asymmetric stable multiple equilibria demonstrates the fruitfulness of this extension of the original model.
Volume (Year): 80 (2001)
Issue (Month): 4 ()
|Note:||Received: 23 June 1998|
|Contact details of provider:|| Web page: http://www.springer.com|
Web page: http://www.regionalscience.org/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/regional+science/journal/10110|
When requesting a correction, please mention this item's handle: RePEc:spr:presci:v:80:y:2001:i:4:p:425-438. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.