Harris and Wilson (1978) Model Revisited: the Spatial Period‐doubling Cascade in an Urban Retail Model
Year: 2016
Type: article
Abstract: ABSTRACT 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.
Source: Journal of Regional Science
DOI: 10.1111/jors.12306
Authors: Minoru Osawa, Takashi Akamatsu, Yuki Takayama
Institutions: Tohoku University, Kanazawa University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2178259342