4 papers
Sampling Logit Equilibrium and Endogenous Payoff Distortion
Minoru Osawa
We introduce the sampling logit equilibrium (SLE), a stationary concept for population games in which agents evaluate actions using a finite sample of opponents' plays and respond…
Spatial scale of agglomeration and dispersion: Number, spacing, and the spatial extent of cities
Takashi Akamatsu, Tomoya Mori, Minoru Osawa +1
How does transport cost affect the spatial organization of economic activities? This study develops a theoretical framework that distinguishes between two types of dispersion force…
Innovation, Spillovers and Economic Geography
José M. Gaspar, Minoru Osawa
We develop a Schumpeterian quality-ladder spatial model in which innovation arrivals depend on regional knowledge spillovers. A parsimonious reduced-form diffusion mechanism induce…
Most likely retail agglomeration patterns: Potential maximization and stochastic stability of spatial equilibria
Minoru Osawa, Takashi Akamatsu, Yosuke Kogure
We study a model of retail agglomeration where consumers are more likely to visit zones with a higher concentration of shops. This agglomerative effect makes zones with many retail…