Economic geography meets Hotelling: the home-sweet-home effect

• Tipo: Artigo em Revista Científica Internacional
• Data: 2022-02

Autores

Castro, SBSD (Autor) FEP; João Correia-da-Silva (Autor) FEP; Gaspar, JM (Autor) FEP

Revista

Título: Economic Theory

Vol. 73 Nº 1

Páginas: 183-209

ISSN: 0938-2259

Editora: Springer Nature

Indexação

ISI Web of Knowledge - 4 Citações

Scopus - 3 Citações

Outras Informações

ID Authenticus: P-00T-9AX

DOI: 10.1007/s00199-020-01331-8

Abstract (EN): We introduce heterogeneous preferences for location in 2-region core-periphery models, thereby generating an additional dispersive force: the home-sweet-home effect. Different forms of heterogeneity in preferences for location induce different long-run spatial distributions of economic activity, depending on the short-run equilibrium model and the distribution of preferences for location that are considered. Our analysis highlights the importance of the convexity/concavity properties of utility from consumption and utility from location, as functions of the spatial distribution of economic activity.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 27