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Article: Thick market externalities in a spatial model

TitleThick market externalities in a spatial model
Authors
KeywordsAgglomeration Economies
Density
Search And Matching
Thick Market Externalities
Issue Date2010
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/regec
Citation
Regional Science And Urban Economics, 2010, v. 40 n. 2-3, p. 92-105 How to Cite?
AbstractIt is natural to think of thick market externalities as spatial phenomena. When agents are in close physical proximity, potential trading partners are more numerous and less costly to reach. Counteracting such agglomeration benefits is the dispersion force due to land being an essential input in production. The distribution of economic activities over space is an outcome of how decisions on location, land demand, and the search strategy of agents interact in spatial equilibrium. More desirable locations are those that allow their occupants more abundant and less costly access to potential trading partners. In spatial equilibrium, these are the densest locations, the occupants of which benefit from the strongest thick market externalities. © 2010 Elsevier B.V.
Persistent Identifierhttp://hdl.handle.net/10722/177773
ISSN
2015 Impact Factor: 1.024
2015 SCImago Journal Rankings: 1.328
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_US
dc.date.accessioned2012-12-19T09:39:52Z-
dc.date.available2012-12-19T09:39:52Z-
dc.date.issued2010en_US
dc.identifier.citationRegional Science And Urban Economics, 2010, v. 40 n. 2-3, p. 92-105en_US
dc.identifier.issn0166-0462en_US
dc.identifier.urihttp://hdl.handle.net/10722/177773-
dc.description.abstractIt is natural to think of thick market externalities as spatial phenomena. When agents are in close physical proximity, potential trading partners are more numerous and less costly to reach. Counteracting such agglomeration benefits is the dispersion force due to land being an essential input in production. The distribution of economic activities over space is an outcome of how decisions on location, land demand, and the search strategy of agents interact in spatial equilibrium. More desirable locations are those that allow their occupants more abundant and less costly access to potential trading partners. In spatial equilibrium, these are the densest locations, the occupants of which benefit from the strongest thick market externalities. © 2010 Elsevier B.V.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/regecen_US
dc.relation.ispartofRegional Science and Urban Economicsen_US
dc.subjectAgglomeration Economiesen_US
dc.subjectDensityen_US
dc.subjectSearch And Matchingen_US
dc.subjectThick Market Externalitiesen_US
dc.titleThick market externalities in a spatial modelen_US
dc.typeArticleen_US
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_US
dc.identifier.authorityTse, CY=rp01099en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/j.regsciurbeco.2010.02.003en_US
dc.identifier.scopuseid_2-s2.0-77951937234en_US
dc.identifier.hkuros178309-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77951937234&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume40en_US
dc.identifier.issue2-3en_US
dc.identifier.spage92en_US
dc.identifier.epage105en_US
dc.identifier.isiWOS:000277667500002-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridTse, CY=7103295092en_US
dc.identifier.citeulike6835840-

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