Equilibrium and disequilibrium in migration modelling
Economic efficiency ; Employment ; Equilibrium model ; Human capital ; Internal migration ; Local labour market ; Spatial equilibrium ; Well-being
Equilibrium and disequilibrium approaches to migration modelling are elucidated and distinguishing features are identified. Relevant econometric evidence bearing on these distinctions is reviewed. A summary of current knowledge and priorities
Operational spatial computable general equilibrium modeling
Calibration ; Economicequilibrium ; Input-output model ; Model ; Multiregional model ; Regional economy ; Spatial competition
The theoretical basis is a complete Arrow-Debreu equilibrium under perfect competition. The specification restricts the number of parameters in a way allowing for a model calibration relying on a limited data base. No data generating first stage
, using entropy maximisation or other methods not in line with the philosophy of microeconomic equilibrium analysis, is required.
This paper examines the socially optimal (and also equilibrium) locations of two stores or libraries on a linear market of unit length. If each consumer has probability of finding a desired product at each store, then the socially optimal locations
are never completely centralized for full information, but are completely centralized for when costly visit search is necessary. The Nash equilibrium locations of two stores, and various alternative models for the socially optimal locations of two stores
[b1] DepT. of Economics, Wayne State Univ., Detroit, Etats-Unis
How does economic development in Eastern Europe affect Austria's regions ? A multiregional general equilibrium framework
Austria ; Eastern Europe ; Economicequilibrium ; Economic flow ; Economic impact ; Economic integration ; International trade ; Model ; Regional development ; Well-being
Catastrophe theory ; Division of labour ; Economic structure ; Labour productivity ; Production fonction ; System dynamics ; Theory ; Urban dynamics ; Urbanization
The dynamic of urbanization can be produced by the transition from a low level stable equilibrium to a high level stable equilibrium corresponding to a cusp catastrophe. An economic theory yielding this type of dynamic is discussed, formalized
Capital accumulation ; Capitalism ; Economic growth ; Economy ; Japan ; Multiregional model ; Profit ; Simulation
The paper reports calculations about reasons for the exceptional growth of Japan and for the slowdown in growth in the OECD since the early 1970s. The calculations are based on a multi-region off-equilibrium dynamic model of two regions. The Japan
-Rest of the OECD system was on a trajectory far above dynamic equilibrium levels of profit, accumulation, and growth in 1960. The post-1973 slowdown is simply the effect of the system returning to a trajectory that is nearer dynamic equilibrium.
by decreasing density. Thus, inflow of vehicles should always be discouraged to either increase or decrease flow of vehicles for economic efficiency. Moreover, even when optimal policy requires equilibrium flow to increase, the optimal flow itself must decrease
Optimization requires equilibrium flow to decrease under mild congestion, but increase under hypercongestion. However, both increasing flow needed under hypercongestion and decreasing flow needed under mild congestion should be accompanied