Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/96964
Autoren: 
Grafeneder-Weissteiner, Theresa
Kubin, Ingrid
Prettner, Klaus
Prskawetz, Alexia
Wrzaczek, Stefan
Datum: 
2012
Schriftenreihe/Nr.: 
Vienna Institute of Demography Working Papers No. 4/2012
Zusammenfassung: 
This article introduces a social planner version of a model central to the New Economic Geography for explicitly answering whether the symmetric equilibrium outcome of the decentralized market economy is socially desirable. We find that savings incentives are too weak, resulting in an inefficiently low capital stock and therefore an inadequate number of product varieties. The optimal subsidy and taxation scheme to remedy these distortions resulting from the monopolistic competition structure is shown to be a sales subsidy financed by a lump-sum tax that results in marginal cost pricing. Interestingly, implementing this optimal policy might actually destroy the stability of the symmetric equilibrium and result in unintended agglomeration processes.
Schlagwörter: 
New economic geography
constructed capital model
social planner
regional policy
agglomeration
JEL: 
F12
R12
R50
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
501 kB





Publikationen in EconStor sind urheberrechtlich geschützt.