Abstract
This paper extends the model of Ottaviano et al. (2002) to a multiple-region economy and provides a constructive proof for the existence of its spatial equilibrium. Based on this proof, an algorithm can be devised for computing the equilibrium, which is useful in the comparative-static and the counterfactual analysis.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have