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The Use of Game Theory in Regional Economics: a quantitative retrospective

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  • Sandra T. Silva

    ()
    (CEF.UP, Faculdade de Economia do Porto, Universidade do Porto)

  • Isabel Mota

    ()
    (CEF.UP, Faculdade de Economia do Porto, Universidade do Porto)

  • Filipe Grilo

    ()
    (Faculdade de Economia do Porto, Universidade do Porto)

Abstract

The construction of formal models that deal with space observed a huge increase since the late 1980s. As Fujita et al. (1999) stress, the field of regional economics experienced a revival with the emergence of new analytical tools such as the diffusion of imperfect competition models, networks and mathematical programming. One of the most powerful tools within social science in general and economics in particular is game theory. This methodology allows for the formal analysis of the interactions among economic agents and, therefore, it is particularly useful for the study of economic decisions regarding spatial issues such as the location choices of firms and households; infrastructures, transports and communications; regional and urban policy; innovation and regional development; and regional labour markets. For this reason, a concrete, quantitative systematization of the use of this tool on regional economics research seems to be a relevant topic in the agenda concerned with progress in regional science. In this paper we study research in regional economics and provide a quantitative retrospective of the use of game theory in this field. Our main goal is twofold. First, we intend to categorize the contributions in the use of this analytical tool - by main research subjects, by authors’ affiliations, by journal, etc. - using a bibliometric approach. Second, by analysing co-authoring and using Social Network Analysis, we want to test the existence of structures upon which distinct co-authorship emerges. In broader terms, the results of this research provide a framework for analyzing the potential use of game theory in regional economics, suggesting new future research directions.

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Bibliographic Info

Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 419.

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Length: 25 pages
Date of creation: Jun 2011
Date of revision:
Handle: RePEc:por:fepwps:419

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Keywords: Regional Economic Methodology; Game Theory; Social Network Analysis; Bibliometry;

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  1. Debra L. Casey & G. Steven McMillan, 2008. "Identifying the "Invisible Colleges" of the Industrial & Labor Relations Review: A Bibliometric Approach," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 62(1), pages 126-132, October.
  2. Alvin E. Roth, 2007. "Repugnance as a Constraint on Markets," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 37-58, Summer.
  3. Roth, Alvin & Ünver, M. Utku & Sönmez, Tayfun, 2004. "Kidney Exchange," Scholarly Articles 2580565, Harvard University Department of Economics.
  4. Sandra Silva & Aurora Teixeira, 2009. "On the divergence of evolutionary research paths in the past 50 years: a comprehensive bibliometric account," Journal of Evolutionary Economics, Springer, vol. 19(5), pages 605-642, October.
  5. Sandra Tavares Silva & Aurora A.C. Teixeira, 2006. "On the divergence of evolutionary research paths in the past fifty years: a comprehensive bibliometric account," FEP Working Papers 229, Universidade do Porto, Faculdade de Economia do Porto.
  6. Brakman, Steven & Garretsen, Harry, 2006. "New economic geography: Closing the gap between theory and empirics," Regional Science and Urban Economics, Elsevier, vol. 36(5), pages 569-572, September.
  7. GABSZEWICZ, Jean J. & THISSE, Jacques-François, . "On the nature of competition with differentiated products," CORE Discussion Papers RP -685, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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  9. HAMILTON, Jonathan H. & THISSE, Jacques-François & WESKAMP, Anita, . "Spatial discrimination. Bertrand vs. Cournot in a model of location choice," CORE Discussion Papers RP -846, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. Ottaviano, Gianmarco I.P. & Minerva, G. Alfredo, 2007. "Thirty-five years of R(S)UE: A retrospective," Regional Science and Urban Economics, Elsevier, vol. 37(4), pages 434-449, July.
  11. Backhouse, Roger E., 2000. "Progress in Heterodox Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(02), pages 149-155, June.
  12. Coats, A. W. Bob & Backhouse, Roger E. & Dow, Sheila C. & Fusfeld, Daniel R. & Goodwin, Craufurd D. & Rutherford, Malcolm, 2000. "Roundtable: The Progress of Heterodox Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(02), pages 145-148, June.
  13. Anderson, S. P. & Neven, D. J., 1989. "Market efficiency with combinable products," European Economic Review, Elsevier, vol. 33(4), pages 707-719, April.
  14. Roth, Alvin E, 1991. "Game Theory as a Part of Empirical Economics," Economic Journal, Royal Economic Society, vol. 101(404), pages 107-14, January.
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