A Stochastic Version of the Urban Retail Model

Ton Vorst ()

Environment and Planning A, 1985, vol. 17, issue 12, 1569-1580

Abstract: In this paper it is shown that if the consumers' scale economies parameter α in the urban retail model is less than one then the unique positive equilibrium is globally asymptotically stable. This is one of the reasons one might add a stochastic term to the model. This will be done in the paper.

Date: 1985
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:17:y:1985:i:12:p:1569-1580

DOI: 10.1068/a171569

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