Approximation of a Continuous Core-periphery Model by Core-periphery Models with a Large Number of Small Regions

Minoru Tabata () and Nobuoki Eshima ()
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Minoru Tabata: Osaka Metropolitan University
Nobuoki Eshima: Kurume University

Networks and Spatial Economics, 2023, vol. 23, issue 1, No 7, 223-283

Abstract: Abstract For a continuous core-periphery model, we construct a core-periphery model with n regions for each $$n\ge 2$$ n ≥ 2 . Assuming that the known functions of the core-periphery model with n regions and the diameters of n regions converge to the known functions of the continuous core-periphery model and 0 respectively as the number n tends to infinity, this paper proves approximate relations between the continuous core-periphery model and core-periphery models with a large number of small regions when the models are in short-run equilibrium.

Keywords: Short-run equilibrium; Core-periphery model; Wage equation; Equilibrium approximation; Error estimate (search for similar items in EconPapers)
JEL-codes: R12 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s11067-022-09580-x

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