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  • 标题:Economic geography and the role of profits
  • 本地全文:下载
  • 作者:Pierre M. PICARD ; Jacques-François THISSE ; Eric TOULEMONDE
  • 期刊名称:CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
  • 出版年度:2002
  • 卷号:2002
  • 出版社:Center for Operations Research and Econometrics (UCL), Louvain
  • 摘要:In modern economies, the amount of profits distributed to share- holders is far from being negligible. We show that the way they are distributed among agents matters for the space-economy. For exam- ple, the existence of mobile rentiers is sufficient to make the symmetric configuration unstable for all transport cost values and to make par- tial agglomeration of firms stable. Obviously, to account for profits and for their distribution, the assumption of free entry must be abandoned. So doing, we ignore fixed costs and show that it is imperfect compe- tition more than increasing returns that matters for the formation of agglomeration in economic geography..
  • 关键词:economic geography, imperfect competition, product differentiation.
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