Showing 1 - 4 of 4
We study global dynamics of the New Economic Geography model which describes spatial distribution of industrial activity in the long run across three identical regions depending on the balancing of agglomeration and dispersion forces. It is defined by a two-dimensional piecewise smooth map...
Persistent link: https://www.econbiz.de/10011117207
The standard footloose capital (FC) model, as well as the discrete time version, assumes that all capital units are internationally mobile between two regions. In this paper, we assume that in one of the two regions some of the blueprints/capital units may be immobile because their utilization...
Persistent link: https://www.econbiz.de/10011117199
We study the dynamics of a one-dimensional piecewise smooth map defined by constant and logistic functions. This map has qualitatively the same dynamics as the one defined by constant and unimodal functions, coming from an economic application. Namely, it contributes to the investigation of a...
Persistent link: https://www.econbiz.de/10010870297
In this paper we consider a continuous one-dimensional map, which is linear on one side of a generic kink point and hyperbolic on the other side. This kind of map is widely used in the applied context. Due to the simple expression of the two functions involved, in particular cases it is possible...
Persistent link: https://www.econbiz.de/10010748457