Univariate Classification of Differentiated International Markets

D M Hanink and R G Cromley

Environment and Planning A, 1993, vol. 25, issue 3, 409-424

Abstract: Hotelling initiated the use of spatial analogies in assessing market differentiation. In this paper, this line is followed to analyze differentiated international markets. Most of the economies in the world are arrayed as if they are a continuum of points of demand. In this paper, this continuum of demand points is partitioned into homogeneous segments by use of a classification algorithm that minimizes within-group variation. The criteria used for classifying are two indicators of market overlap that have been suggested as important by the new trade theory, proximity of gross national product (GNP), and proximity of per capita GNP. Several of the derived market partitions are compared with other classifications of international markets in the form of existing and planned geographically discriminatory trade arrangements.

Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1068/a250409 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:25:y:1993:i:3:p:409-424

DOI: 10.1068/a250409

Access Statistics for this article

More articles in Environment and Planning A
Bibliographic data for series maintained by SAGE Publications ().