Of Hype and Hyperbolas: Introducing the New Economic Geography

• Autores: J. Peter Neary
• Localización: Journal of economic literature, ISSN 0022-0515, Vol. 39, Nº 2, 2001, págs. 536-561
• Idioma: inglés
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• Resumen

  • Reviewing The Spatial Economy by Fujita, Krugman, and Venables, this paper argues that the key contribution of the new economic geography is a framework in which standard building blocks of mainstream economics (especially rational decision making and simple general equilibrium models) are used to model the trade-off between dispersal and agglomeration. The approach thus gives a choice-theoretic basis for a "propensity to agglomerate."