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Rationality in Industrial Location Decisions

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  • Peter M. Townroe

    (School of Urban and Regional Studies, Sheffield City Polytechnic, Sheffield S1 1WB, UK)

Abstract

Models of the outcomes of decision-making with respect to location by industrial companies decentralising from a metropolitan core have made the standard economic assumptions of optimising behaviour under constraints, following a path of instrumental rationality. This paper argues the case for widening the perspectives used in the analysis of industrial location decisions to consider both procedural rationality and expressive rationality alongside the standard instrumental view.

Suggested Citation

  • Peter M. Townroe, 1991. "Rationality in Industrial Location Decisions," Urban Studies, Urban Studies Journal Limited, vol. 28(3), pages 383-392, June.
    • Handle: RePEc:sae:urbstu:v:28:y:1991:i:3:p:383-392
    DOI: 10.1080/00420989120080411
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    References listed on IDEAS

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    1. Loomes, Graham & Sugden, Robert, 1982. "Regret Theory: An Alternative Theory of Rational Choice under Uncertainty," Economic Journal, Royal Economic Society, vol. 92(368), pages 805-824, December.
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    Cited by:

    1. Pen, Cees-Jan, 2000. "Actors, Causes, And Phases In The Decision-Making Process Of Relocated Firms In The Netherlands," ERSA conference papers ersa00p41, European Regional Science Association.
    2. Pen, Cees-Jan, 1999. "Improving the behavioural location theory," ERSA conference papers ersa99pa166, European Regional Science Association.

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