Optimal Agglomerations in Dynamic Economics

Athanasios Yannacopoulos, Anastasios Xepapadeas and William Brock

No 1217, DEOS Working Papers from Athens University of Economics and Business

Abstract: We study rational expectations equilibrium problems and social optimum problems in infinite horizon spatial economies in the context 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: Agglomeration; spatial spillovers; spillover induced instability; rational expectations equilibrium; social optimum; monotone operators. (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://wpa.deos.aueb.gr/docs/BXY.Optima.Agglomerations.5.July.pdf First version (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:aue:wpaper:1217

Access Statistics for this paper

More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Ekaterini Glynou ().