On rational forward-looking behavior in economic geography: An experimental analysis
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
On rational forward-looking behavior in economic geography: An experimental analysisFecha de publicación
2021Editor
ElsevierISSN
0166-0462Cita 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. 103654Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.sciencedirect.com/science/article/pii/S0166046221000144Versión
info:eu-repo/semantics/publishedVersionPalabras 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. 103654Entidad 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
info:eu-repo/semantics/openAccess
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- ECO_Articles [696]
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