التفاصيل البيبلوغرافية
| العنوان: |
A Ramsey-Type Equilibrium Model with Spatially Dispersed Agents: A Ramsey-Type Equilibrium Model with Spatially Dispersed Agents: L. Frerick et al. |
| المؤلفون: |
Frerick, Leonhard1 (AUTHOR) frerick@uni-trier.de, Müller-Fürstenberger, Georg2 (AUTHOR) gmf@uni-trier.de, Schmidt, Martin1 (AUTHOR) martin.schmidt@uni-trier.de, Späth, Max1 (AUTHOR) max@spaeth.pw |
| المصدر: |
Networks & Spatial Economics. Dec2024, Vol. 24 Issue 4, p869-896. 28p. |
| مصطلحات موضوعية: |
*REAL economy, *SPACE in economics, *COMPLEMENTARITY constraints (Mathematics), *INDUSTRIAL clusters, *LABOR mobility |
| مستخلص: |
We present a spatial and time-continuous Ramsey-type equilibrium model for households and firms that interact on a spatial domain to model labor mobility in the presence of commuting costs. After discretization in space and time, we obtain a mixed complementarity problem that represents the spatial equilibrium model. We prove existence of equilibria using the theory of finite-dimensional variational inequalities and derive a tailored diagonalization method to solve the resulting large-scale instances. Finally, we present a case study that highlights the influence of commuting costs and show that the model allows to analyze transitory effects of industrial agglomeration that emerge and vanish over time as in the real economy. [ABSTRACT FROM AUTHOR] |
|
Copyright of Networks & Spatial Economics is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Business Source Index |