Search results for "Economic Exchange"
showing 2 items of 2 documents
A comparison of internal and international barriers to trade
1999
In a world in which barriers to trade at all levels - international and internal - are mostly a by-product of the implementation by governments of different regulatory policies to deal with domestic or local problems, the mechanisms that are set in motion by the operation of competition among the governments inhabiting the different jurisdictional tiers of federal countries lead to outcomes that are different from those generated by the 'agreed-upon' rules that govern the relations of national governments with each other in matters of international trade. A model is used to compare two ways of dealing with the external damages that are consequent on the pursuit of beneficial domestic regula…
On the emergence of the urban phenomenon Part II
2001
In this paper, we extend the basic model describing the formation of urban agglomerations in a pre-industrial setting. As we will show, this setting is flexible enough to allow for the investigation of multiple aspects of the spatial economy. After summarizing the basic model and the numerical examples we will refer to, we successively examine the issues of coordination failure in the emergence of the urban phenomenon, the presence of transactions costs and the possibility of diffusion of manufactured good production through the system of agglomerations. This last aspect will be treated in two different ways : that of increasing agricultural productivity and that of increasing technologi…