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• W2129236172 abstract "Abstract. Asymptotic stability of equilibrium is often difficult to know when the number of variables exceeds four, since all eigenvalues of the Jacobian matrix are not analytically solvable. However, we obtain stability conditions for a general class of migration dynamics without computing eigenvalues. We show that a spatial equilibrium is stable in the presence of strong congestion diseconomies, but unstable in the presence of strong agglomeration economies. We also show existence of a stable equilibrium in the case of negligible interregional externalities, which is applicable to club goods, local public goods, and new economic geography." @default.
• W2129236172 created "2016-06-24" @default.
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• W2129236172 date "2004-11-01" @default.
• W2129236172 modified "2023-10-03" @default.
• W2129236172 title "Stability of Spatial Equilibrium*" @default.
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• W2129236172 doi "https://doi.org/10.1111/j.0022-4146.2004.00352.x" @default.
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