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The globe and the circle

Author

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  • Kaushik Basu

    () (Cornell University)

Abstract

Abstract The geometry of the line and the circle has been used in economics for a long time to understand location choice and political positioning in democratic polity. This paper draws on some elementary ideas from geometry and game theory to extend some of the analysis to beyond lines and circles to the globe or the sphere. In the spirit of recreational geometry the paper is focused on demonstrating some abstract results concerning Nash equilibria on the globe. It is hoped that this will help us understand better the robustness of median voter theorems and why stores position themselves the way they do.

Suggested Citation

  • Kaushik Basu, 2017. "The globe and the circle," Indian Economic Review, Springer, vol. 52(1), pages 93-101, December.
  • Handle: RePEc:spr:inecre:v:52:y:2017:i:1:d:10.1007_s41775-017-0007-6
    DOI: 10.1007/s41775-017-0007-6
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    Keywords

    Spatial economics; Electoral democracy; Spheres; Circles; Nash equilibrium;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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