Multiple Markets and Spatial Agglomeration in a One Shopping Trip Model
This paper analyzes a spatial competitive monopolistic model of agglomeration in which households make only one shopping trip per period, and there are several firms in each industry. The model is a version of a model by Fujita (1988), but unlike his, in this model no equilibrium mixed district is possible, and a number of firm districts may appear. It is shown that allowing several firms in each industry may lead to a Mall equilibrium or an equilibrium with multiple shopping centers.
|Date of creation:||04 Nov 2001|
|Date of revision:|
|Note:||Type of Document - Acrobat PDF; pages: 27 ; figures: included|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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