In this article, we build a simple present-value model to give the basis for an income-capitalization appraisal method considering interneighborhood dependency of net operating incomes. We also show the maximum-likelihood estimation method for the model in a cross-sectional situation and apply...

This paper examines a new economic geography model with multiple (three) industries and urban costs. The industries are asymmetric in their transport costs. The following results were obtained. First, if transport costs sufficiently decrease whereas commuting costs are constant, we have three...

The regional specialization via differences in transport costs are observed in Japanese manufacturing industries. Concretely, industries with high transport costs for their products, such as iron and steel, petroleum and coal products, remained close to the core region while industries with low...

This paper analyzes a two-region model including multiple industries with different transport costs. Two results are derived. First, dispersion occurs for small transport costs, but the specific dispersion patterns depend on the level of urban costs. This results from an interaction of the...

This paper shows the equivalence of spatial inequalities in industrial location and in income by revisiting the home market effect (HME) without any homogeneous good based on a reconstructed footloose capital model. In this simple framework, spatial inequalities in industrial location and in...

In this paper, we examine the effects of liberalization on industrial location and national welfare in a framework of new economic geography. Specifically, we explicitly incorporate arbitrary trade costs in both differentiated-good and homogeneous-good sectors into a two-country model, and...

type="main" xml:lang="es" <title type="main">Resumen</title> <p>Se examina cómo el impuesto específico y el impuesto ad valorem afectan a la localización de empresas en un modelo de competencia-monopolio con regiones de tamaño asimétrico y una preferencia cuasi-lineal. Los ingresos tributarios se distribuyen de manera...</p>

Most existing studies examine the home market effect (HME) in a framework with immobile labour as the only production factor and the assumption of a freely traded homogeneous good is known to be crucial for the HME to emerge. This study explores the HME in the presence of mobile capital by use...