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Economic geography meets Hotelling: the home-sweet-home effect
Castro, Sofia B. S. D.; Correia-da-Silva, João; Gaspar, José M.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. Ou...
The footloose entrepreneur model with a finite number of equidistant regions
Gaspar, José M.; Castro, Sofia B. S. D.; Correia-da-Silva, JoãoWe study the Footloose Entrepreneur model with a finite number of equidistant regions, focusing on the analysis of stability of agglomeration, total dispersion, and boundary dispersion. As the number of regions increases, there is more tendency for agglomeration and less tendency for dispersion. As it tends to infinity, agglomeration always becomes stable while dispersion always becomes unstable. These results ...
Economic geography meets hotelling: a home-sweet-home effect
Castro, Sofia B. S. D.; Correia-da-Silva, João; Gaspar, José M.We propose a 2-region core-periphery model where all agents are inter-regionally mobile and have Hotelling-type heterogeneous preferences for location. The utility penalty from residing in a location that is not the preferred one generates the only dispersive force of the model: the home-sweet-home effect. Different distributions of preferences for location induce different spatial distributions in the long-run...
Agglomeration patterns in a multi-regional economy without income effects
Gaspar, José M.; Castro, Sofia B. S. D.; Correia-da-Silva, JoãoWe study the long-run spatial distribution of industry using a multi-region core–periphery model with quasi-linear log utility Pflüger (Reg Sci Urban Econ 34:565–573, 2004). We show that a distribution in which industry is evenly dispersed among some of the regions, while the other regions have no industry, cannot be stable. A spatial distribution where industry is evenly distributed among all regions except on...