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• W3094061459 abstract "We study optimal transport networks in spatial equilibrium. We develop a framework consisting of a neoclassical trade model with labor mobility in which locations are arranged on a graph. Goods must be shipped through linked locations, and transport costs depend on congestion and on the infrastructure in each link, giving rise to an optimal transport problem in general equilibrium. The optimal transport network is the solution to a social planner's problem of building infrastructure in each link. We provide conditions such that this problem is globally convex, guaranteeing its numerical tractability. We also study cases with increasing returns to transport technologies in which global convexity fails. We apply the framework to assess optimal investments and inefficiencies in the road networks of European countries." @default.
• W3094061459 created "2020-10-29" @default.
• W3094061459 creator A5017686587 @default.
• W3094061459 creator A5079289076 @default.
• W3094061459 date "2020-01-01" @default.
• W3094061459 modified "2023-10-13" @default.
• W3094061459 title "Optimal Transport Networks in Spatial Equilibrium" @default.
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• W3094061459 doi "https://doi.org/10.3982/ecta15213" @default.
• W3094061459 hasPublicationYear "2020" @default.
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