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When is the economy monocentric?: von Thünen and Chamberlin unified

Authors
Journal
Regional Science and Urban Economics
0166-0462
Publisher
Elsevier
Publication Date
Volume
25
Issue
4
Identifiers
DOI: 10.1016/0166-0462(95)02098-f
Keywords
  • Urban System
  • Monopolistic Competition
  • Von Thünen

Abstract

Abstract Since The Isolated State by von Thünen, countless versions of the von Thünen model have appeared. It seems, however, that a fundamental question remains unanswered: Why should all manufacturing goods be produced in a single town? In this paper we develop a monopolistic competition model of an ‘isolated state’, and investigate the answer to this question. Since the answer to this question suggests when there will be more than one town in the isolated state, it is hoped the present model will lead to the development of a general equilibrium model of urban systems.

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