A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Migration cost externality and interregional equilibrium
Abstract This paper introduces the concept of migration cost in analyzing the interregional allocation of population. Migration cost gives the social planner an additional burden of population reallocation, and it has an important effect upon an individual's decisions on migration in a decentralized market mechanism. Interregional migration is influenced by migration cost, initial state of the population, etc. Though the difference of marginal productivity of labor and the consumption of composite good in one region is greater than that in another region, migration will not be desirable if the difference of net benefit between two regions from migration does not cover migration cost. Therefore, there will be a range of initial population allocation for which no migration occurs, not only for the social planner's problem but also for the individual's migration decision. Comparison of populations between social optimum and market equilibrium with central government intervention revealsmigration cost externality. The reason and remedy for this externality are discussed.
Migration cost externality and interregional equilibrium
Abstract This paper introduces the concept of migration cost in analyzing the interregional allocation of population. Migration cost gives the social planner an additional burden of population reallocation, and it has an important effect upon an individual's decisions on migration in a decentralized market mechanism. Interregional migration is influenced by migration cost, initial state of the population, etc. Though the difference of marginal productivity of labor and the consumption of composite good in one region is greater than that in another region, migration will not be desirable if the difference of net benefit between two regions from migration does not cover migration cost. Therefore, there will be a range of initial population allocation for which no migration occurs, not only for the social planner's problem but also for the individual's migration decision. Comparison of populations between social optimum and market equilibrium with central government intervention revealsmigration cost externality. The reason and remedy for this externality are discussed.
Migration cost externality and interregional equilibrium
Shin, Chang-Ho (author)
1994
Article (Journal)
English
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