Macro and Micro Spatial Equilibrium
AbstractThese pages briefly mention the assumption of indifference between residing in different locations which is embodied in spatial equilibrium. Sometimes, for a person, a pure indifference may result, namely gains and costs (monetary or not) are entirely compensated among locations; but sometimes not, and decisions are made on the basis of an overall gain, which implies that locations are not so indifferent for a specific person, even if they appear in equilibrium from a theoretical point of view. The reasoning ends by proposing the Macro Spatial Equilibrium and the Micro (or Subjective) Spatial Equilibrium.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48984.
Date of creation: 01 Aug 2013
Date of revision:
Cities; Spatial Equilibrium; Urban Economics; Personal Isobenefit Lines; Property Value; Location Decisions; Subjective Spatial Equilibrium.;
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- D1 - Microeconomics - - Household Behavior
- R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-16 (All new papers)
- NEP-GEO-2013-08-16 (Economic Geography)
- NEP-HPE-2013-08-16 (History & Philosophy of Economics)
- NEP-SPO-2013-08-16 (Sports & Economics)
- NEP-URE-2013-08-16 (Urban & Real Estate Economics)
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