...Haiwen Zhou; Ruhai Zhou Purpose The purpose of the paper is to study how technology choice is affected by capital accumulation when there is unemployment and firms engage in oligopolistic competition. Design/methodology/approach In this infinite horizon model, unemployment results from...

... framework for spatial evolution and growth with capital accumulation [4] . Numerous contributions to urban economics have followed the equilibrium theory of urban land market pioneered by Alonso (1964) . This approach has been extended in many directions [5] . There are many contributions in the literature...