Increasing Returns, Industrialization, and Indeterminacy of Equilibrium
نویسندگان
چکیده
منابع مشابه
The indeterminacy of equilibrium city formation under monopolistic competition and increasing returns
We study the indeterminacy of equilibrium in the Fujita-Krugman (1995) model of city formation under monopolistic competition and increasing returns. Both the number and the locations of cities are endogenously determined. Assuming smooth transportation costs, we examine equilibria in city-economies where a nite number of cities form endogenously. For any positive integer K, the set of equilib...
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Article history: Accepted 17 January 2014 Available online 15 February 2014 JEL classification: C62 E21 E22
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1991
ISSN: 0033-5533
DOI: 10.2307/2937949