This paper estimates welfare effects resulting from reduced transaction costs in international trade, using a static multiregional general equilibrium model. The kernel of the model is the trade part specified in Dixit-Stiglitz-style. Interregional trade shows a gravity pattern due to...

Advances in Spatial Science This series of books is dedicated to reporting on recent advances in spatial science. It contains scientific studies focusing on spatial phenomena, utilising theoretical frameworks, analytical methods, and empirical procedures specifically designed for spatial...