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- W3121867710 abstract "In an economic geography model where both a negative pecuniary and a positive technological externality are present, we introduce an explicit dynamics of firms locational choice and we characterize its long run distribution. Our analysis shows that economic activities evenly distribute when the pecuniary externalities prevail, and agglomerate otherwise. Due to the stochastic nature of the dynamics, even when agglomeration occurs, it is only a metastable state. By giving time and firms heterogeneity a role, we are bringing the evolutionary approach inside the domain of economic geography." @default.
- W3121867710 created "2021-02-01" @default.
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- W3121867710 date "2008-01-01" @default.
- W3121867710 modified "2023-09-23" @default.
- W3121867710 title "An evolutionary model of firms location with technological externalities" @default.
- W3121867710 hasPublicationYear "2008" @default.
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