摘要:

ABSTRACT.An accounting framework is presented that can be used as a basis for a regional general equilibrium economic model that meaningfully incorporates both real and financial activity. The accounting framework describes a circular flow from regional income to credit base, and back to regional income, including the balance of payments identity. Both real market transactions and capital stock changes are explicitly recognized. Linkages between real activity flows and sectoral balance sheets are highlighted. Financial activity is recognized as a service, and all assets are assumed to be valued at market prices.

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00156.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

ABSTRACT.Individuals’human capital investments in their regions, industries, and occupations are measured as a function of the years they spend in their current region, industry, or occupation, and these investments are shown empirically to influence migration. There is an interesting life cycle pattern to migration: it falls rapidly with new investments, but then resurfaces as an opportunity to renew investments and increase the growth rate of income. Income regressions substantiate the life cycle path of income growth implied by the migration mode

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00157.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

ABSTRACT.In this paper, we adapt recent developments in uncertainty modeling to the location choice paradigm. In particular, we analyze the impact of income and housing price uncertainty on housing demand and location demand characteristics in a partial equilibrium framework. We begin by recognizing that housing consumption cannot readily be altered in response to changes in income and price. We find that income and house price risk affect housing and location demands in different ways. Additionally, the spatial characteristics of price risk also affect consumer housing and location demands. For example, if housing price risk is lower farther from the central city, housing demand can be greater in those locations even with the higher transportation cost. Thus, over some locations, the expected price gradient could be positive.

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00158.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

ABSTRACT.We formulate the spatial Stackelberg‐Nash‐Cournot competitive network equilibrium problem as a variational inequality constrained mathematical program. Our model differs from previous models of Stackelberg oligopolistic competition in that it employs explicit shipping decision variables and a general network topology. That is, the productionanddistribution decisions of the Stackelberg firm are determined simultaneously over a discrete network. We explore the existence of solutions to the proposed model, and we also numerically test a sensitivity analysis based algorithm. In particular, we illustrate how sensitivity analysis results can be used to generate the Cournot reaction necessary to solve the Stackelberg prob

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00159.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

ABSTRACT.This paper investigates the resource allocational implications of intra‐industrial externalities, i.e., variable returns to scale (VRS), in a two‐region general equilibrium model of production under uncertainty. It is shown that most standard results concerning changes in the goods price ratio with constant returns to scale (CRS) under uncertainty generalize to VRS. In contrast, standard results concerning changes in factor endowments extend from CRS to decreasing returns to scale, but not to all permissible levels of increasing returns to scale. Thus, such theorems as factor price equalization and Rybczynski do not generalize to all real‐world levels o

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00160.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

ABSTRACT.We give a very simple formula for obtaining covariance matrices of gravity model parameter estimates. We investigate bias and robustness of parameter estimates, as well as the convergence of the procedure given in Sen (1986) for obtaining these estimates.

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00161.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

摘要:

Book reviewed in this article:Essays in Honor of Walter Isard: Vol. 1, New Frontiers in Regional Science, and Vol. 2, Dynamics and Conflict in Regional Structural Change, edited by Manas Chatterji and Robert E. Kuenne.Regional Policy in a Changing World, by Niles Hansen, Benjamin Higgins, and Donald J. Savoie.The Promised Land: The Great Black Migration and How It Changed America, by Nicholas Lemann.Route Choice: Wayfinding in Transport Networks, by Piet H. L. Bovy and Eliahu Stern.The New Suburbanization: Challenge to the Central City, by Thomas M. Stanback, Jr.America's Suburban Centers: The Land Use–Transportation Link, by Robert Cervero.Rural and Small Town America, by Glenn V. Fuguitt, David L. Brown, and Calvin L. Beale.Where North Meets South Cities, Space, and Politics on the United States‐Mexico Borderby Lawrence A. Herzog.International Migration and Development in Sub‐Saharan Africa: Volume I, Overview; Volume II, Country Analyses, by Sharon Stanton Russell, Karen Jacobsen, and William Deane St

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00162.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00163.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1991.tb00164.x

出版商:Blackwell Publishing Ltd    

年代:1991

数据来源: WILEY