Optimal Agglomerations in Dynamic Economics

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.


Issue Date:
2012-09
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/138629
Total Pages:
49
JEL Codes:
C61; R11
Series Statement:
CCSD
64.2012




 Record created 2017-04-01, last modified 2017-08-26

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)