Computation of spatial equilibria in the Ottaviano–Tabuchi–Thisse model

Wei Ma, Ruthira Naraidoo and Francesco Perugini

Economics Letters, 2023, vol. 223, issue C

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.

Keywords: Labor migration; Taste heterogeneity; Computation of equilibrium; Homotopy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:223:y:2023:i:c:s0165176523000113

DOI: 10.1016/j.econlet.2023.110986

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