Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7358520 | Journal of Economic Dynamics and Control | 2018 | 59 Pages |
Abstract
Mechanisms of an economic agglomeration of multiple places in a square lattice economy are elucidated by a comparative study with a racetrack economy. As a common mechanism to engender fewer larger agglomerations in both economies, doubling of their spatial period is advanced. The replicator dynamics in these economies accommodates characteristic agglomeration patterns that are solutions of the governing equation for any values of transport cost. A break point is used to index the onset of a bifurcation breaking uniformity as the transport cost decreases. Analytical formulas for this point that can synthetically encompass both economies are derived for an economic geography model.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Kiyohiro Ikeda, Mikihisa Onda, Yuki Takayama,