Discrete-space agglomeration model with social interactions: Multiplicity, stability, and continuous limit of equilibria

B-Tier
Journal: Journal of Mathematical Economics
Year: 2017
Volume: 69
Issue: C
Pages: 22-37

Authors (3)

Akamatsu, Takashi (not in RePEc) Fujishima, Shota (not in RePEc) Takayama, Yuki

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This study examines the properties of equilibrium, including the stability, of discrete-space agglomeration models with social interactions. The findings reveal that while the corresponding continuous-space model has a unique equilibrium, the equilibrium in discrete space can be non-unique for any finite degree of discretization by characterizing the discrete-space model as a potential game. Furthermore, it indicates that despite the above result, any sequence of discrete-space models’ equilibria converges to the continuous-space model’s unique equilibrium as the discretization of space is refined.

Technical Details

RePEc Handle
repec:eee:mateco:v:69:y:2017:i:c:p:22-37
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29