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http://hdl.handle.net/10400.14/31718| Title: | Economic geography meets Hotelling: the home-sweet-home effect |
| Author: | Castro, Sofia B. S. D. Correia-da-Silva, João Gaspar, José M. |
| Keywords: | New economic geography Core-periphery model Heterogeneous agents Preferences for location |
| Issue Date: | 2021 |
| Publisher: | Springer |
| Citation: | Castro, S.B.S.D., Correia-da-Silva, J., Gaspar, J.M. (2021). Economic geography meets Hotelling: the home-sweet-home effect. Economic Theory |
| Abstract: | We introduce heterogeneous preferences for location in 2-region core-periphery models, thereby generating an additional dispersive force: the home-sweet-home effect. Different forms of heterogeneity in preferences for location induce different long-run spatial distributions of economic activity, depending on the short-run equilibrium model and the distribution of preferences for location that are considered. Our analysis highlights the importance of the convexity/concavity properties of utility from consumption and utility from location, as functions of the spatial distribution of economic activity. |
| Peer review: | yes |
| URI: | http://hdl.handle.net/10400.14/31718 |
| DOI: | 10.1007/s00199-020-01331-8 |
| ISSN: | 0938-2259 |
| Appears in Collections: | CPBS - Artigos / Articles |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Economic geography meets Hotelling the.pdf | 569,98 kB | Adobe PDF | View/Open Request a copy |
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