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Migration cost externality and interregional equilibrium.

Abstract

"This paper will investigate the characteristics of population allocation between two regions in the presence of migration cost. It will also examine both populations and the non-migration range of the initial population in which migration does not occur, in social optimum and market equilibrium with central government intervention, to reveal migration cost externality, and to propose a remedy for it." The author finds that "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."

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BibTeXRIS

C Shin. 1994. Migration cost externality and interregional equilibrium.. https://doi.org/10.1007/bf01581766

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