On rational forward-looking behavior in economic geography: An experimental analysis

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comunitat-uji-handle:10234/9

comunitat-uji-handle2:10234/8643

comunitat-uji-handle3:10234/8644

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Metadatos

Título
On rational forward-looking behavior in economic geography: An experimental analysis
Autoría
 Barreda-Tarrazona, Iván;
 Kundu, Tapas;
 Østbye, Stein
Fecha de publicación
2021
Editor
Elsevier
URI
http://hdl.handle.net/10234/192584
DOI
https://doi.org/10.1016/j.regsciurbeco.2021.103654
ISSN
0166-0462
Cita bibliográfica
BARREDA-TARRAZONA, Iván; KUNDU, Tapas; ØSTBYE, Stein. On rational forward-looking behavior in economic geography: An experimental analysis. Regional Science and Urban Economics, 2021, vol. 87, p. 103654
Tipo de documento
info:eu-repo/semantics/article
Versión de la editorial
https://www.sciencedirect.com/science/article/pii/S0166046221000144
Versión
info:eu-repo/semantics/publishedVersion
Palabras clave / Materias
Resumen
This paper adapts the canonical New Economic Geography model for experimental testing of the model's behavioral assumptions by developing a finite-player, finite-horizon dynamic game of migration. Our analysis gives ... [+]
This paper adapts the canonical New Economic Geography model for experimental testing of the model's behavioral assumptions by developing a finite-player, finite-horizon dynamic game of migration. Our analysis gives distinctive predictions when migration is consistent with myopic behavior (MB) and when it is consistent with sequentially rational or perfect forward-looking behavior (FB). These alternatives are tested in an economic laboratory experiment with increasing number of agents in different treatments. Results show that perfect FB loses ground against MB as the number of agents and periods increases, and this number may be surprisingly small. [-]
Publicado en
Regional Science and Urban Economics, 2021, vol. 87, p. 103654
Entidad financiadora
Universitat Jaume I | Ministerio de Ciencia, Innovación y Universidades | Universidad de Tromsø (UiT The Arctic University of Norway)
Código del proyecto o subvención
UJI-B2018-76/77 | RTI2018-096927-B-100 | 381940
Derechos de acceso
© 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license
info:eu-repo/semantics/openAccess
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© 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license
Excepto si se señala otra cosa, la licencia del ítem se describe como: © 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license