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Optimal City Hierarchy: A Dynamic Programming Approach to Central Place Theory

It is an empirically plausible description of cities and is route to explain empirical regularities in city size distribution and industrial locations. This paper formalizes central place hierarchy by providing a rationale for it via a social planner's problem. The optimal city hierarchy is then compared with the equilibrium city hierarchy in Hsu (2008).
Year of publication:
2009
Authors: Hsu, Wen-Tai ; Holmes, Thomas J.
Institutions: Society for Economic Dynamics - SED
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series 2009 SED Meeting Papers Number 342
Source:
Persistent link: https://www.econbiz.de/10011080478
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