Towards a unifying approach of the 'new economic geography'
By: by Michael P. Pflüger, Jens Suedekum.
Contributors: Südekum, Jens.
Series: Discussion paper -- no. 2256; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2256
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Economic geography
Description: "Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific functional forms. In this paper we approach the properties of the 'footloose entrepreneur' class of new economic geography models with a unifying framework based on the indirect utility function of mobile agents. This approach has several payoffs. We are able to provide general, yet handy, formulae to determine the break point, the bifurcation pattern and the welfare properties of the market equilibrium. Moreover, an application of this framework allows us to show how specific results in the literature can be reconciled as special cases, thereby allowing us to highlight the origin of their differences"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 8/14/2006.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.