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
➔ ➔
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!2
i
FOC: (1)
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!3
0 i0
s.t.
(3)
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!4
s.t.
FOC:
(3)
(5)
(4)
FOC
ψ
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!5
CBD ➔
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!6
(9)
i
i i
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!7
*1
*2
*2 ➔ *1 4 cit , hit
*3
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!8
*4
5
11
19
τit Nit
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!9
yit, kit, hit➔(2)
(4) cit, yit, hit
➔McGrattan and Prescott (2010)
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!10
(9) p.6
git
(20)
(9)
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!11
γit
(19) p.8
1 ⤴ ➔ 10 ⤴
i.e
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!12
1,723
22 18
§3
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!13
= 0.002
⤴ ➔ ⤵⤴
⤵
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!14
⤵⤴
⤴
Skewness ⤵
⤴ ⤴
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!15
excessive frictions
⤵⤴
i.e
e.g New York, LA ⤵ by 90
⤴ ➔ ⤴
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!16
A, γ, g
Behrens et al. (2013)
➔