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Optimal Agglomerations in Dynamic Economics

Athanasios Yannacopoulos, Anastasios Xepapadeas () and William Brock

No 1217, DEOS Working Papers from Athens University of Economics and Business

Abstract: We study rational expectations equilibrium problems and social optimum problems in infinite horizon spatial economies in the context of a Ramsey type capital accumulation problem with geographical spillovers. We identify sufficient local and global conditions for the emergence (or not) of optimal agglomeration, using techniques from monotone operator theory and spectral theory in infinite dimensional Hilbert spaces. Our analytical methods can be used to systematically study optimal potential agglomeration and clustering in dynamic economics.

Keywords: Agglomeration; spatial spillovers; spillover induced instability; rational expectations equilibrium; social optimum; monotone operators. (search for similar items in EconPapers)
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Related works:
Journal Article: Optimal agglomerations in dynamic economics (2014) Downloads
Working Paper: Optimal Agglomerations in Dynamic Economics (2014) Downloads
Working Paper: Optimal Agglomerations in Dynamic Economics (2012) Downloads
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