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Full Description
This is a Festschrift to honour Professor Melvin Greenhut who has long toiled on spatial economics. The book accordingly focuses on a single question: in what sense 'economic space' matters in economic theory. Space in economics is an elusive concept, apparently separating and embracing economic agents at the same time. This is why adding it to already overly complicated economic agents at the same time. This is why adding it to already overly complicated economic models may not necessarily help economics to become sufficiently realistic. In this book, leading scholars of international stature try to find ways of introducing space in economic theory which will make it simpler and more realistic, analysing theoretical and historical issues of contemporary relevance, such as land use, congestion and public goods, location theory and spatial competition.
Contents
W.J.Baumol - Measuring the Cost and Benefits of Import Fees; T.J.Gronberg & T.R.Saving - On the Optimal Location of Modern Firms; C-C.Mai & H.Hwang - A Unified Treatment of the Segment and the Circular Market Models; T.Takahashi & A.de Palma - Spatial Oligopolies Under Uniform Delivered Pricing; A.Kats & J-F.Thisse - The Optimal Location of a Firm: Mill vs Delivered Pricing; J-F.Thisse - Basing Point Pricing, Competition and Market Integration; L.Phlips - Spatial Price Theory and Market Delineation; B.L.Benson, M.H.Marquis & D.G.Sauer - Spatial Competition with Production Before Sales; S.P.Anderson & R.D.Fischer - Endogenous Pricing Modes in Markets for Inputs; B.C.Eaton & N.Schmitt - Innovation and Location: Spatial Agglomeration-Deglomeration; T.Kawashima - On Efficiency of Spatial Oligopoly; J.G.Greenhut & H.Ohta - Index
