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| Author: | Charlot, S. (et al.) |
| Title: | Agglomeration and welfare: the core-periphery model in the light of Bentham, Kaldor, and Rawls |
| Journal: | Journal of Public Economics
2006 : JAN, VOL. 90:1-2, p. |
| Index terms: | compensation economic geography welfare |
| Freeterms: | agglomeration |
| Language: | eng |
| Abstract: | This article applies different welfare approaches to the canonical model developed by Krugman, with the aim of comparing the only two possible market outcomes, i.e. agglomeration and dispersion. More precisely, the potential Pareto improvement criteria as well as the utilitarian and Rawlsian welfare are used. No clear answers seem to emerge. |
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