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Titolo:
SELF-DEFEATING REGIONAL CONCENTRATION
Autore:
MATSUYAMA K; TAKAHASHI T;
Indirizzi:
NORTHWESTERN UNIV EVANSTON IL 60208 SAITAMA UNIV URAWA SAITAMA JAPAN
Titolo Testata:
Review of Economic Studies
fascicolo: 2, volume: 65, anno: 1998,
pagine: 211 - 234
SICI:
0034-6527(1998)65:2<211:SRC>2.0.ZU;2-W
Fonte:
ISI
Lingua:
ENG
Soggetto:
PERFECT COMPETITION; INCREASING RETURNS; EXTERNALITIES; EQUILIBRIUM; STABILITY; LOCATION; HISTORY;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Physical, Chemical & Earth Sciences
Citazioni:
28
Recensione:
Indirizzi per estratti:
Citazione:
K. Matsuyama e T. Takahashi, "SELF-DEFEATING REGIONAL CONCENTRATION", Review of Economic Studies, 65(2), 1998, pp. 211-234

Abstract

Most policy debates on regional policies implicitly assume that thereis too much concentration. In our two-region model of migration, desirable concentration fails to occur under some conditions, and undesirable concentration occurs in others. In the latter case, even though the individuals collectively prefer to be distributed evenly across the two regions, they end up concentrating into one region in their pursuit of a better life. Hence, the freedom to move can be self-defeating. We characterize the conditions for such self-defeating concentration to occur. The coordination failures between the entry decision of service firms and the migration decision of individuals are caused by the incompleteness of markets due to the endogeneity of the range of services available, which deprive the agents of the opportunity to signal demand and supply for potential services. The argument does not rely on price distortions, the nonconvexities implied by increasing returns and nontradedness, congestion externalities, nor myopia in migration decisions.

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Documento generato il 06/04/20 alle ore 01:40:27