Stability and sustainability of urban systems under commuting and transportation costs

Yuki Takayama (), Kiyohiro, Ikeda and Jacques Thisse
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Kiyohiro, Ikeda: Tohoku University

No 2020005, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper explores the conditions for the emergence of a system of cities in a general equilibrium setting that accounts for the cost of shipping commodities between cities and the commuting cost borne by consumers within cities. Potential cities are equally distributed over a circular space. We find that the multiplicity of stable spatial equilibria is the rule and not the exception. Using the concept of stability areas to study the transition from one stable equilibrium to the next, we show that decreasing commuting or transportation costs generate equilibrium paths that feature either a megalopolis or hierarchical system of cities.

Keywords: economic geographpy; cities; racetrack economy; multiplicity of stable equilibria; commuting costs; transportation costs (search for similar items in EconPapers)
JEL-codes: F12 R12 (search for similar items in EconPapers)
Date: 2020-01-23
New Economics Papers: this item is included in nep-geo, nep-tre and nep-ure
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Stability and sustainability of urban systems under commuting and transportation costs (2020)
Working Paper: Stability and sustainability of urban systems under commuting and transportation costs (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2020005

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