Optimal agglomerations in dynamic economics

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 64.2012

Classification and Topics

• Classification: Wirtschaft ; Optimization Techniques; Programming Models; Dynamic Analysis ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: Agglomeration ; Spatial Spillovers ; Spillover Induced Instability ; Rational Expectations Equilibrium ; Social Optimum ; Monotone Operators

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Brock, William A. ; Xepapadeas, Anastasios ; Yannacopoulos, Athanasios N.
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/73027
• Last update: 10.03.2025, 11:43 AM CET