Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73027
Authors: 
Brock, William A.
Xepapadeas, Anastasios
Yannacopoulos, Athanasios N.
Year of Publication: 
2012
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 64.2012
Abstract: 
We study rational expectations equilibrium problems and social optimum problems in infinite horizon spatial economies in the con- text of a Ramsey type capital accumulation problem with geographical spillovers. We identify sufficient local and global conditions for the emergence (or not) of optimal agglomeration, using techniques from monotone operator theory and spectral theory in infinite dimensional Hilbert spaces. Our analytical methods can be used to systematically study optimal potential agglomeration and clustering in dynamic economics.
Subjects: 
Agglomeration
Spatial Spillovers
Spillover Induced Instability
Rational Expectations Equilibrium
Social Optimum
Monotone Operators
JEL: 
C61
R11
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.