Market allocations of location choice: an example

• Autores: Josemari Aizpurua Agirre, Juan Miguel Benito Ostolaza, Javier Puértolas Sagardoy
• Localización: Documentos de Trabajo ( Universidad Pública de Navarra. Departamento de Economía ), Nº. 4, 2003
• Idioma: inglés
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• Resumen

  • The purpose of this paper is to make an example which, first, illustrates Starret¿s Spatial Imposibility Theorem, when agents have free mobility; and second, allowes us to get a competitive equilibrium with transportation when agents move only if there is a noticeable difference in utilities that justifies the change of location.