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The economic "battle" that took place in Russia in 1992 consisted of the struggle between the liberally-oriented government and the labor collectives, the latter of which regarded the government's reform program as an attempt to encroach upon the established system of collective property. The...
Persistent link: https://www.econbiz.de/10008633355
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10009207087
Applications of the framework of behavioral economics to questions arising from urban economics are discussed. Directions for future research are outlined.
Persistent link: https://www.econbiz.de/10004961507
This is a short essay on open questions in urban economic theory.
Persistent link: https://www.econbiz.de/10005835506
We criticize the theories used to explain the size distribution of cities. They take an empirical fact and work backward to obtain assumptions on primitives. The induced theoretical assumptions on consumer behavior, particularly about their inability to insure against the city-level productivity...
Persistent link: https://www.econbiz.de/10005835673
The tomahawk bifurcation is used by Fujita et al. (1999) in a model with two regions to explain the formation of a core-periphery urban pattern from an initial uniform distribution. Baldwin et al. (2003) show that the tomahawk bifurcation disappears when the two regions have an uneven population...
Persistent link: https://www.econbiz.de/10005835700
The long-term trends of urbanization suggest: not only have more cities formed, but the leading metropolises have grown larger, with a number of peripheral subcenters developing over time. Conventional models of urban growth are limited, in that commuting cost and congestion eventually result in...
Persistent link: https://www.econbiz.de/10005835872
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10005836125
Canonical analysis of the classical general equilibrium model demonstrates the existence of an open and dense subset of standard economies that possess fully-revealing rational expectations equilibria. This paper shows that the analogous result is not true in urban economies. An open subset of...
Persistent link: https://www.econbiz.de/10005836820
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10005837280