摘要:

ABSTRACTEquilibrium in spatial models invariably depends on firms' conjectures about how competitors will react to their price changes. This paper analyzes spatial price and location equilibrium when firms hold consistent (i.e. correct) conjectures. Most spatial models assume an exogenous conjecture. Consistent conjectures are one method, albeit a controversial one, for endogenizing the conjecture.We show that the consistent conjecture about a competitor's reaction to a price change in the simplest case is 1/3. When demand is elastic the consistent conjecture is a decreasing function of the radius. It is always below 1/3 and can be negative. In the third model, we show that the consistent conjecture declines as the number of dimensions and the number of competitors increases.

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01218.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

ABSTRACTThis paper uses a stochastic frontier production‐function model to measure and compare productivity efficiency in the manufacturing sector of states in the United States over the period 1959–1972. Based on this model we find considerable variations in productive efficiency across states. A large portion of the variation is found to be related to regional differences in labor‐force characteristics, levels of urbanization and industrial structure. We also examine the relationship between productive efficiency and the subsequent growth of manufacturing and find some evidence of a weak relationship between efficiency and the growth of emplo

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01219.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

ABSTRACTThis paper provides an explanation for the level of local government employment by developing a median voter model that allows for migration into and out of the city, a local government balanced‐budget constraint, and voting behavior by public employees that reflects their role as both demanders and suppliers of local government goods. Unlike previous research, the model developed here explicitly considers voting (for the incumbent) probability density functions which furthermore need not be stationary. The main conclusions of the model are that, ceteris paribus, it is plausible that the level of local government employment varies inversely with the public employee wage demand and with the elasticity of the privately employed voting population with respect to the local tax rate but directly with the voter participation rate of public employees. Contrary to previous theoretical research, there is no determinate relationship between the level of local government employment and the voter participation rate of privately employed citizens. Inferences concerning the structure of local government are also discusse

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01220.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

ABSTRACTThis paper considers a case of bilateral monopoly and examines the possibility of an intermediate location for two vertically related firms under simultaneous entry, and then analyzes the welfare‐maximizing location for both firms. It shows that whatever the case, an intermediate location for both firms is unlikely to occur and that the pattern of industrial location under welfare maximization is equivalent to the one under perfect competition, but is different from the one under bilateral monopoly under certain circumstance

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01221.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

ABSTRACTThis paper considers the optimal locations of two or more facilities, and the optimal number of facilities, when trips are made in pairs. The results are the same as standard models of spatial competition when there isperfect matching, but not when there israndom matching. The first interpretation is bridges across a river, with residential locations on one side matched perfectly or randomly to jobs on the other side. The second interpretation isconnecting facilities, such as tennis courts or restaurants where pairs of consumers meet. The third interpretation is product differentiation, with husbands and wives jointly choosing from among varieties.

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01222.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

ABSTRACTThe role of location‐specific amenities in human migration decisions, and subsequently regional development, is explored. A framework is developed which motivates a new assessment of existing alternative models of regional development, indicating the need for additional modeling efforts which focus upon amenities as critical elements in such analyses. The approach hinges upon the notion that amenity values are capitalized into wages, rents, or other local prices. This process of capitalization enables researchers to explore the implicit value that society places upon amenities, which can then be used in assessing future regional‐development trends in a more comprehensive man

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01223.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

ABSTRACTA single‐equation econometric approach is developed for estimating personal income on a quarterly basis for counties and county aggregates (e.g., metropolitan areas). An experiment is conducted on state data to test the accuracy of the estimates. The experiment indicates that they would be highly accurate for large local areas; for local areas comprising at least 20 percent of their state's total personal income, the estimates would fall within 2 percent of BEA‐type estimates 95 percent of the time. An aggregate estimation approach is shown to be preferable to a component approach. Using data on local department store sales, the quarterly personal income estimates are shown to forecast better than the currently available annual estima

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01224.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01225.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

摘要:

The Economics of Imperfect Competition: A Spatial Approach, by Melvin L. Greenhut, George Norman, and Chao‐Shun Hung.Regional Labour Markets, by Manfred M. Fischer and Peter Nijkamp (eds.).Unemployment, the Regions and Labour Markets: Reactions to Recessions, by I. R. Gordon (ed.).Multiregional Input‐Output Models in Long‐Run Simulation, by Norimichi Toyomane.Toward a New Iron Age? Quantitative Modeling of Resource Exhaustion, by Robert C. Gordon, Tjalling C. Koopmans, William D. Nordhaus, and Brian J. Skinnner.Location Strategies for Retail and Service Firas, by Avijit Ghosh and Sarah L. McLafferty.Protecting the New Jersey Pinelands: A New Direction in Land‐Use Management, by Beryl Robichaud Collins and Emily W. B. Russell (eds.).Regional Policy: A European Approach(second edition), by Norbert Vanhove and Leo H. Klaassen.Urbanization Policies in Pacific Asia, by Roland J. Fuchs, Gavin W. Jones, and Ernesto M. Pernia (eds.).International Economic Restructuring and the Regional Community, Herman Muegge, Walter B. Stöhr, Paul Hesp, and Barbara Stuckey (eds.).Land Use and Urban Form: The Consumption Theory of Land Rent, by Grant. Ia

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01226.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1989.tb01227.x

出版商:Blackwell Publishing Ltd    

年代:1989

数据来源: WILEY