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http://hdl.handle.net/10419/35045
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| Title: | | On pitchforks and tomahawks  |
| Authors: | | Pflüger, Michael Südekum, Jens |
| Issue Date: | | 2007 |
| Series/Report no.: | | IZA Discussion Papers 3258 |
| Abstract: | | The core-periphery model by Krugman (1991) has two 'dramatic' implications: catastrophic agglomeration and locational hysteresis. We study this seminal model with CES instead of Cobb-Douglas upper tier preferences. This small generalization suffices to change these stark implications. For a wide range of parameters we find that the model exhibits instead a smooth and easily reversible transition from symmetry to agglomeration. |
| Subjects: | | Core-periphery model new economic geography agglomeration bifurcation pattern |
| JEL: | | F12 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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