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The Indeterminacy of Equilibrium City Formation under Monopolistic Competition and Increasing Returns
Berliant, Marcus; Kung, Fan- chin - EconWPA - 2004
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...
Persistent link: https://www.econbiz.de/10005062508
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The Indeterminacy of Equilibrium City Formation Under Monopolistic Competition and Increasing Returns
Berliant, Marcus; Kung, Fan-chin - 2018
We study the indeterminacy of equilibrium in the Fujita-Krugman 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...
Persistent link: https://www.econbiz.de/10014117989
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2008
the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies … agglomeration in size when worker populations differ by type. This kind of agglomeration can be driven by asymmetric information in …
Persistent link: https://www.econbiz.de/10005836125
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Can Information Asymmetry Cause Agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2008
the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies … agglomeration in size when worker populations differ by type. This kind of agglomeration can be driven by asymmetric information in …
Persistent link: https://www.econbiz.de/10005837280
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2008
the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies … agglomeration in size when worker populations differ by type. This kind of agglomeration can be driven by asymmetric information in …
Persistent link: https://www.econbiz.de/10005789316
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2009
the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies … agglomeration in size when worker populations differ by type. This kind of agglomeration can be driven by asymmetric information in …
Persistent link: https://www.econbiz.de/10008565436
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Can Information Asymmetry Cause Agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2006
repulsive forces to generate equilibria with cities and agglomeration. Can classical asymmetric information in the labor market …, in the form of adverse selection, result in an equilibrium that features agglomeration of agents? We use a model with two …
Persistent link: https://www.econbiz.de/10005616857
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2008
the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies … agglomeration in size when worker populations differ by type. This kind of agglomeration can be driven by asymmetric information in …
Persistent link: https://www.econbiz.de/10005616887
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Can information asymmetry cause agglomeration?
Berliant, Marcus; Kung, Fan-chin - Volkswirtschaftliche Fakultät, … - 2009
the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies … agglomeration in size when worker populations differ by type. This kind of agglomeration can be driven by asymmetric information in …
Persistent link: https://www.econbiz.de/10005623554
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Explaining the size distribution of cities: x-treme economies
Berliant, Marcus; Watanabe, Hiroki - Volkswirtschaftliche Fakultät, … - 2009
We criticize the theories used to explain the size distribution of cities. They take an empirical fact and work backward to obtain assumptions on primitives. The induced theoretical assumptions on consumer behavior, particularly about their inability to insure against the city-level productivity...
Persistent link: https://www.econbiz.de/10005835673