TY - JOUR
T1 - Stability and sustainability of urban systems under commuting and transportation costs
AU - Takayama, Yuki
AU - Ikeda, Kiyohiro
AU - Thisse, Jacques François
N1 - Funding Information:
We are grateful to L. Gobillon and two referees for very detailed and useful comments. We also thank K. Desmet, M. Fujita, P. Picard, T. Tabuchi, and J.N. van Ommeren, as well as participants to the 7th North American Meeting of the Urban Economics Association and the 33rd Applied Regional Science Conference for insighful comments. The first and second authors acknowledge the financial support of the Japan Society for the Promotion of Science under the grants 18H01556 and 18K04380 . The third author acknowledges the financial support of the Russian Science Foundation under the grant N ○ 18-18-00253 .
Funding Information:
We are grateful to L. Gobillon and two referees for very detailed and useful comments. We also thank K. Desmet, M. Fujita, P. Picard, T. Tabuchi, and J.N. van Ommeren, as well as participants to the 7th North American Meeting of the Urban Economics Association and the 33rd Applied Regional Science Conference for insighful comments. The first and second authors acknowledge the financial support of the Japan Society for the Promotion of Science under the grants 18H01556 and 18K04380. The third author acknowledges the financial support of the Russian Science Foundation under the grant N?18-18-00253.
Publisher Copyright:
© 2020 Elsevier B.V.
PY - 2020/9
Y1 - 2020/9
N2 - This paper explores the conditions for the emergence of a system of cities in a general equilibrium setting that accounts for the mobility of labor, transportation costs between cities and commuting costs within cities. Locations are equally distributed over a circular space. We find that the multiplicity of stable spatial equilibria is the rule and not the exception. Using the concept of stability areas to study the transition from one stable equilibrium to the next, we show that decreasing commuting or transportation costs generate equilibrium paths that may feature a megalopolis or hierarchical system of cities having different sizes. We confirm that transportation and commuting costs have opposite impacts on the space-economy.
AB - This paper explores the conditions for the emergence of a system of cities in a general equilibrium setting that accounts for the mobility of labor, transportation costs between cities and commuting costs within cities. Locations are equally distributed over a circular space. We find that the multiplicity of stable spatial equilibria is the rule and not the exception. Using the concept of stability areas to study the transition from one stable equilibrium to the next, we show that decreasing commuting or transportation costs generate equilibrium paths that may feature a megalopolis or hierarchical system of cities having different sizes. We confirm that transportation and commuting costs have opposite impacts on the space-economy.
KW - Cities
KW - Commuting costs
KW - Economic geography
KW - Multiplicity of stable equilibria
KW - Racetrack economy
KW - Transportation costs
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U2 - 10.1016/j.regsciurbeco.2020.103553
DO - 10.1016/j.regsciurbeco.2020.103553
M3 - Article
AN - SCOPUS:85086918593
SN - 0166-0462
VL - 84
JO - Regional Science and Urban Economics
JF - Regional Science and Urban Economics
M1 - 103553
ER -
