The Role of Economic Space in Decision Making

Margaret Slade ()

Annals of Economics and Statistics, 2005, issue 77, 1-20

Abstract: This paper analyzes the role that economic space plays in private and public decision making. Both geographic and characteristic space are considered. The choice of spatial location, whether it be a physical location or a product position, can have significant consequences for other economic decisions, and those secondary decisions are the focus of the paper. In particular, it is useful to have methods of measuring economic proximity in geographic and characteristic space and to have ways of determining the implications of that proximity for market outcomes. I summarize some of the methods that my coauthors and I have developed for estimating economic distance and for assessing its implications.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2005:i:77:p:1-20

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