spatial economics

Gilles Duranton
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

This article provides a general overview of spatial economics, which covers location theory, spatial competition, and regional and urban economics. After a brief review of the main theoretical traditions, the fundamental role of non-convexities and imperfect competition is highlighted. The main challenges faced by theoretical and empirical research are also discussed, followed by a broader discussion of the relationship between this field of research and other sub-fields of economics and other disciplines.
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How to cite this article

Duranton, Gilles. "spatial economics." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 22 October 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_S000195> doi:10.1057/9780230226203.1583

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