On Beckmann’s Dispersed "Interaction City"

John Hartwick and Andrei Bazhanov

No 273646, Queen's Economics Department Working Papers from Queen's University - Department of Economics

Abstract: Beckmanns interaction model has each resident touching base in face- to-face activity with every other resident, per unit time, at the others residence. We re-work his resulting interaction citywith each resident operating witha Cobb- Douglas utility function. We then turn to a more satisfactory technologyof residents interacting and solve for an interaction city with an explicit payo¤ to resident i for engaging in interaction.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 1170
Date: 2007-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:273646

DOI: 10.22004/ag.econ.273646

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