Of Hype and Hyperbolas: Introducing the New Economic Geography
Year: 2001
Type: book-review
Abstract: Reviewing The Spatial Economy by Fujita, Krugman, and Venables, this paper argues that the key contribution of the new economic geography is a framework in which standard building blocks of mainstream economics (especially rational decision making and simple general equilibrium models) are used to model the trade-off between dispersal and agglomeration. The approach thus gives a choice-theoretic basis for a “propensity to agglomerate.”
Source: Journal of Economic Literature
DOI: 10.1257/jel.39.2.536
Author: J. Peter Neary
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1977682459