Stability of Spatial Equilibrium.
Asymptotic stability of equilibrium is often difficult to know when the number of variables exceeds four, since all eigenvalues of the Jacobian matrix are not analytically solvable. However, we obtain stability conditions for a general class of migration dynamics without computing eigenvalues. We sh...
| Publicado en: | Journal of Regional Science Vol. 44; no. 4; pp. 641 - 661 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
November 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=513178886&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513178886 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00224146 RSC jtl: Journal of Regional Science issn: 00224146 maglogo: N pubinfo: dt: November 2004 vid: 44 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 513178886 10.1111/j.0022-4146.2004.00352.x ppf: 641 ppct: 20 formats: tig: atl: Stability of Spatial Equilibrium. aug: au: Tabuchi, Takatoshi Zeng, Dao-Zhi su: Economic geography Geography -- Methodology Geography -- Statistical methods Spatial analysis (Statistics) Economic equilibrium sug: subj: Economic geography Geography -- Methodology Geography -- Statistical methods Spatial analysis (Statistics) Economic equilibrium ab: Asymptotic stability of equilibrium is often difficult to know when the number of variables exceeds four, since all eigenvalues of the Jacobian matrix are not analytically solvable. However, we obtain stability conditions for a general class of migration dynamics without computing eigenvalues. We show that a spatial equilibrium is stable in the presence of strong congestion diseconomies, but unstable in the presence of strong agglomeration economies. We also show existence of a stable equilibrium in the case of negligible interregional externalities, which is applicable to club goods, local public goods, and new economic geography. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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