Natural agglomeration

Picard, Pierre;Tabuchi, Takatoshi
(2003)

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  • Picard, PierreUCLouvain
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  • Tabuchi, Takatoshi
    Author
Abstract
This paper considers the racetrack economic approach, where manufacturing activities are distributed continuously. We seek constant-access equilibria and show that smooth equilibrium distributions are always unstable for almost all transport cost functions, whereas agglomeration in 1 or 2 atomic cities is stable for any economic parameters given regular transport costs, such as linear transport costs.
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Picard, P., & Tabuchi, T. (2003). Natural agglomeration (CORE Discussion Papers 2003/101). https://hdl.handle.net/2078.5/129074