Premium
HARRIS AND WILSON (1978) MODEL REVISITED: THE SPATIAL PERIOD‐DOUBLING CASCADE IN AN URBAN RETAIL MODEL
Author(s) -
Osawa Minoru,
Akamatsu Takashi,
Takayama Yuki
Publication year - 2017
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/jors.12306
Subject(s) - cascade , bifurcation , period doubling bifurcation , period (music) , perspective (graphical) , economies of agglomeration , property (philosophy) , space (punctuation) , economics , economic geography , economy , mathematics , computer science , microeconomics , nonlinear system , engineering , geometry , physics , chemical engineering , philosophy , epistemology , quantum mechanics , acoustics , operating system
Harris and Wilson (1978)'s retail location model is a pioneering work that utilizes the combination of the “fast” and “slow” dynamics to describe the space economy. This paper elucidates the model's previously unknown comparative static (bifurcation) properties in a many‐location setting beyond two. We show that the spatial structure's evolutionary path in line with decreasing transport costs exhibits a remarkable property, namely, a “spatial period‐doubling cascade.” Furthermore, we reveal strong linkages between the model and “new economic geography” models in terms of their model structures and bifurcation properties, offering a new theoretical perspective for understanding agglomeration behaviors in multilocation settings.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom