History versus Expectations in Economic Geography Reconsidered
History versus Expectations in Economic Geography Reconsidered
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DOI：
10.2139/ssrn.1008473
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发表时间：
2008-06
期刊：
影响因子：
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通讯作者：
Daisuke Oyama
中科院分区：
文献类型：
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作者：
Daisuke Oyama
本文研究了具有二次调整成本的动态两区模型中空间配置的全局稳定性，在该模型中，理性移民的迁移决策是为了最大化他们未来的贴现效用.一个全球性的分析表明，除了刀口对称区域的情况下，存在一个独特的空间配置，是吸收和全球访问时，摩擦的程度是足够小的，这样的配置的特点是作为唯一的最大化潜在的静态模型的功能。
This paper studies global stability of spatial configurations in a dynamic two-region model with quadratic adjustment costs where rational migrants make migration decisions so as to maximize their discounted future utilities. A global analysis is conducted to show that, except for knife-edge cases with symmetric regions, there exists a unique spatial configuration that is absorbing and globally accessible whenever the degree of friction is sufficiently small, and such a configuration is characterized as the unique maximizer of the potential function of the underlying static model.