Optimal Agglomerations in Dynamic Economics

William A. Brock, Anastasios Xepapadeas and Athanasios N. Yannacopoulos

No 138629, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)

Abstract: We study rational expectations equilibrium problems and social optimum problems in infinite horizon spatial economies in the con- text 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: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 49
Date: 2012-09
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/138629/files/NDL2012-064.pdf (application/pdf)

Related works:
Journal Article: Optimal agglomerations in dynamic economics (2014)
Working Paper: Optimal Agglomerations in Dynamic Economics (2014)
Working Paper: Optimal Agglomerations in Dynamic Economics (2012)
Working Paper: Optimal Agglomerations in Dynamic Economics (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcl:138629

DOI: 10.22004/ag.econ.138629

Access Statistics for this paper

More papers in Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().