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Optimal Agglomerations in Dynamic Economics

William Brock, Anastasios Xepapadeas () and Athanasios N. Yannacopoulos
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Athanasios N. Yannacopoulos: Department of Statistics Athens University of Economics and Business, Greece

No 2012.64, Working Papers from Fondazione Eni Enrico Mattei

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: Agglomeration; Spatial Spillovers; Spillover Induced Instability; Rational Expectations Equilibrium; Social Optimum; Monotone Operators (search for similar items in EconPapers)
JEL-codes: C61 R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-geo and nep-ure
Date: 2012-09
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Related works:
Journal Article: Optimal agglomerations in dynamic economics (2014) Downloads
Working Paper: Optimal Agglomerations in Dynamic Economics (2014) Downloads
Working Paper: Optimal Agglomerations in Dynamic Economics Downloads
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