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

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Listed author(s):
  • Sandra Silva

    ()

  • Isabel Mota

    ()

  • Filipe Grilo

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 will provide a framework for analyzing the potential use of game theory in regional economics, suggesting new future research directions.

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p1447.

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Date of creation: Sep 2011
Handle: RePEc:wiw:wiwrsa:ersa11p1447
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Find related papers by JEL classification:
  • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
  • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
  • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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  1. Alvin E. Roth & Tayfun Sönmez & M. Utku Ünver, 2004. "Kidney Exchange," The Quarterly Journal of Economics, Oxford University Press, vol. 119(2), pages 457-488.
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  7. Gabszewicz, Jean Jaskold & Thisse, Jacques-Francois, 1986. "On the Nature of Competition with Differentiated Products," Economic Journal, Royal Economic Society, vol. 96(381), pages 160-172, March.
  8. Thisse, Jacques-Francois & Vives, Xavier, 1988. "On the Strategic Choice of Spatial Price Policy," American Economic Review, American Economic Association, vol. 78(1), pages 122-137, March.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. Anderson, S. P. & Neven, D. J., 1989. "Market efficiency with combinable products," European Economic Review, Elsevier, vol. 33(4), pages 707-719, April.
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  15. Anderson, Simon P & de Palma, Andre & Thisse, Jacques-Francois, 1989. "Spatial Price Policies Reconsidered," Journal of Industrial Economics, Wiley Blackwell, vol. 38(1), pages 1-18, September.
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