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Increasing Returns and Transport costs - The fundamental Trade-off of a spatial economy

Increasing Returns and Transport costs - The fundamental Trade-off of a spatial economy
Author: Christian Lorberg
Publisher: GRIN Verlag
Total Pages: 24
Release: 2005-01-21
Genre: Business & Economics
ISBN: 363834200X

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Seminar paper from the year 2004 in the subject Economics - Micro-economics, grade: 2,0 (B), University of Paderborn, course: Research and Independent Studies, language: English, abstract: In this study I want to provide an overview of different research areas according to the topic “Increasing Returns and Transport Costs: The Fundamental Trade-Off of a Spatial Economy”. Transport costs are a monetary measure of what the transport provider must pay to produce transportation services. They depend on a variety of conditions related to geography, infrastructure, administrative barriers, economies of scale, competition and regulation. First, I will figure out the benefits and cost of transport to show barriers, which confront the policy strategy in the following model of marginal external cost pricing. Further models investigate the impact of transport costs on production organization, city formation and spatial competition under different model-configurations and –perspectives.


Economics of Agglomeration

Economics of Agglomeration
Author: Masahisa Fujita
Publisher: Cambridge University Press
Total Pages: 543
Release: 2013-07-31
Genre: Business & Economics
ISBN: 110727639X

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Economic activities are not concentrated on the head of a pin, nor are they spread evenly over a featureless plane. On the contrary, they are distributed very unequally across locations, regions and countries. Even though economic activities are, to some extent, spatially concentrated because of natural features, economic mechanisms that rely on the trade-off between various forms of increasing returns and different types of mobility costs are more fundamental. This book is a study of the economic reasons for the existence of a large variety of agglomerations arising from the global to the local. This second edition combines a comprehensive analysis of the fundamentals of spatial economics and an in-depth discussion of the most recent theoretical developments in new economic geography and urban economics. It aims to highlight several of the major economic trends observed in modern societies. The first edition was the winner of the 2004 William Alonso Memorial Prize for Innovative Work in Regional Science.


Economics of Agglomeration

Economics of Agglomeration
Author: Masahisa Fujita
Publisher: Cambridge University Press
Total Pages: 484
Release: 2002-05-02
Genre: Business & Economics
ISBN: 9780521805247

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This book provides the first unifying treatment of the range of economic reasons for the clustering of firms and households. Its goal is to explain further the trade-off between various forms of increasing returns and different types of mobility costs. Although referring to agglomeration as a generic term is convenient, it should be noted that the concept of economic agglomeration refers to distinct real world situations. The main focus of the treatment is on cities, but it also explores the formation of agglomerations, such as commercial districts within cities, industrial clusters at the regional level, and the existence of imbalance between regions. The book is rooted within the realm of modern economics and borrows concepts from geography and regional science, which makes it accessible to a broad audience formed by economists, geographers, regional planners, and other scientists. It may be used in coursework for graduate students and upper-level undergraduates.


The Spatial Economy

The Spatial Economy
Author: Masahisa Fujita
Publisher: MIT Press
Total Pages: 327
Release: 2001-07-27
Genre: Business & Economics
ISBN: 0262303604

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The authors show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. Since 1990 there has been a renaissance of theoretical and empirical work on the spatial aspects of the economy—that is, where economic activity occurs and why. Using new tools—in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth—this "new economic geography" has emerged as one of the most exciting areas of contemporary economics. The authors show how seemingly disparate models reflect a few basic themes, and in so doing they develop a common "grammar" for discussing a variety of issues. They show how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. This book is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.


The New Introduction to Geographical Economics

The New Introduction to Geographical Economics
Author: Steven Brakman
Publisher: Cambridge University Press
Total Pages: 597
Release: 2009-04-09
Genre: Business & Economics
ISBN: 0521875323

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This revised and updated introduction to geographical economics explains the who, why and where of the location of economic activity.


An Introduction to Geographical Economics

An Introduction to Geographical Economics
Author: Steven Brakman
Publisher: Cambridge University Press
Total Pages: 378
Release: 2001-12-06
Genre: Business & Economics
ISBN: 9780521779678

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The need for a better understanding of the role location plays in economic life was first and most famously made explicit by Bertil Ohlin in 1933. However it is only recently, with the development of computer packages able to handle complex systems, as well as advances in economic theory (in particular an increased understanding of returns to scale and imperfect competition), that Ohlin s vision has been met and a framework developed which explains the distribution of economic activity across space. This book is an integrated, non-mathematical, first-principles textbook presenting geographical economics to advanced students. Never avoiding advanced concepts, its emphasis is on examples, diagrams, and empirical evidence, making it the ideal starting point prior to monographic and journal material. Contains copious computer simulation exercises, available in book and electronic format to encourage learning and understanding through application. Uses case study material from North America, Europe, Africa and Australasia.


200 Years of Ricardian Trade Theory

200 Years of Ricardian Trade Theory
Author: Ronald W. Jones
Publisher: Springer
Total Pages: 273
Release: 2017-11-30
Genre: Business & Economics
ISBN: 3319606069

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This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Divided into three parts, Part I presents the “birthday boy”, his concept and the many applications and insights that have been derived from it, particularly in modern times. Part II explores in depth important aspects of the Ricardian trade theory through the eyes and experience of leading experts on international trade theory, taking into account the latest research in the field. Lastly, Part III discusses current challenges of globalization in the light of Ricardian trade theory and includes the original "On Foreign Trade" written and published by David Ricardo in 1817.


Handbook of Regional and Urban Economics

Handbook of Regional and Urban Economics
Author: V. Henderson
Publisher: Elsevier
Total Pages: 1081
Release: 2004-07-21
Genre: Business & Economics
ISBN: 0080495125

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The new Handbook of Regional and Urban Economics: Cities and Geography reviews, synthesizes and extends the key developments in urban and regional economics and their strong connection to other recent developments in modern economics. Of particular interest is the development of the new economic geography and its incorporation along with innovations in industrial organization, endogenous growth, network theory and applied econometrics into urban and regional economics. The chapters cover theoretical developments concerning the forces of agglomeration, the nature of neighborhoods and human capital externalities, the foundations of systems of cities, the development of local political institutions, regional agglomerations and regional growth. Such massive progress in understanding the theory behind urban and regional phenomenon is consistent with on-going progress in the field since the late 1960’s. What is unprecedented are the developments on the empirical side: the development of a wide body of knowledge concerning the nature of urban externalities, city size distributions, urban sprawl, urban and regional trade, and regional convergence, as well as a body of knowledge on specific regions of the world—Europe, Asia and North America, both current and historical. The Handbook is a key reference piece for anyone wishing to understand the developments in the field.


International Handbook on the Economics of Integration

International Handbook on the Economics of Integration
Author: Miroslav N. Jovanović
Publisher: Edward Elgar Publishing
Total Pages: 617
Release: 2011-01-01
Genre: Business & Economics
ISBN: 1849806004

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'International Handbook on the Economics of Integration edited by Miroslav Jovanovi? provides timely and rich academic contributions to considerations of the widest array of integration-related issues. European integration has been providing an inspiration to a number of academics and researchers. the Handbook is a recognition of the dynamic and strong solidarity of European integration. At the same time, the European Union often provided an example for integration schemes throughout the world which spread enormously since the mid-1990s. Leading experts from all continents contributed to this Handbook which will be a valuable input into academic and policy-making discussions and actions.' - José Manuel Barroso, President of the European Commission


Economic Geography

Economic Geography
Author: Pierre-Philippe Combes
Publisher: Princeton University Press
Total Pages: 424
Release: 2008-09-28
Genre: Business & Economics
ISBN: 0691139423

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Facts and theories, spatial inequalities, space in economic thought. Space, trade, and agglomeration, monopolistics competition. Breadth and determinants of spatial concentration, the empiics of economic geography, theory with numbers, concluding remarks.