This paper extends the model of Ottaviano et al. (2002) to a multiple-region economy and provides a constructive proof for the existence of its spatial equilibrium. Based on this proof, an algorithm can be devised for computing the equilibrium, which is useful in the comparative-static and the counterfactual analysis.(c) 2023 Elsevier B.V. All rights reserved.
Computation of spatial equilibria in the Ottaviano-Tabuchi-Thisse model / Ma, W; Naraidoo, R; Perugini, F. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - ELETTRONICO. - 223:I(2023), p. 110986. [10.1016/j.econlet.2023.110986]
Computation of spatial equilibria in the Ottaviano-Tabuchi-Thisse model
Perugini, F
2023-01-01
Abstract
This paper extends the model of Ottaviano et al. (2002) to a multiple-region economy and provides a constructive proof for the existence of its spatial equilibrium. Based on this proof, an algorithm can be devised for computing the equilibrium, which is useful in the comparative-static and the counterfactual analysis.(c) 2023 Elsevier B.V. All rights reserved.File in questo prodotto:
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