HARRIS AND WILSON (1978) MODEL REVISITED: THE SPATIAL PERIOD‐DOUBLING CASCADE IN AN URBAN RETAIL MODEL
Takashi Akamatsu and
Yuki Takayama ()
Journal of Regional Science, 2017, vol. 57, issue 3, 442-466
Harris and Wilson (1978)'s retail location model is a pioneering work that utilizes the combination of the “fast” and “slow” dynamics to describe the space economy. This paper elucidates the model's previously unknown comparative static (bifurcation) properties in a many‐location setting beyond two. We show that the spatial structure's evolutionary path in line with decreasing transport costs exhibits a remarkable property, namely, a “spatial period‐doubling cascade.” Furthermore, we reveal strong linkages between the model and “new economic geography” models in terms of their model structures and bifurcation properties, offering a new theoretical perspective for understanding agglomeration behaviors in multilocation settings.
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Working Paper: Harris and Wilson (1978) Model Revisited: The Spatial Period-doubling Cascade in an Urban Retail Model (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:57:y:2017:i:3:p:442-466
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