Desmet and Rossi-Hansberg (AER2013) spatial-economics-2013-06-1(Desmet-Rossi-Hansberg-2013).key...
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1 Desmet and Rossi-Hansberg (AER2013) Henderson ➔ ➔
Transcript of Desmet and Rossi-Hansberg (AER2013) spatial-economics-2013-06-1(Desmet-Rossi-Hansberg-2013).key...
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Desmet and Rossi-Hansberg (AER2013)
Henderson
➔ ➔
!2
i
FOC: (1)
!3
0 i0
s.t.
(3)
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!4
s.t.
FOC:
(3)
(5)
(4)
FOC
ψ
!5
CBD ➔
!6
(9)
i
i i
!7
*1
*2
*2 ➔ *1 4 cit , hit
*3
!8
*4
5
11
19
τit Nit
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yit, kit, hit➔(2)
(4) cit, yit, hit
➔McGrattan and Prescott (2010)
!10
(9) p.6
git
(20)
(9)
!11
γit
(19) p.8
1 ⤴ ➔ 10 ⤴
i.e
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1,723
22 18
§3
!13
= 0.002
⤴ ➔ ⤵⤴
⤵
!14
⤵⤴
⤴
Skewness ⤵
⤴ ⤴
!15
excessive frictions
⤵⤴
i.e
e.g New York, LA ⤵ by 90
⤴ ➔ ⤴
!16
A, γ, g
Behrens et al. (2013)
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