Basic concepts

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Chapter 5 in Evolutionary Spatial Economics, 2020, pp 20-33 from Edward Elgar Publishing

Abstract: The problem of the spatial location of firms does not exist in a situation with homogeneous space and perfect markets. The problem exists only in the situation with market imperfections. Cost minimisation and profit maximisation were key workhorses in economic theory. Still, there are possibilities to learn outside the ‘economic box’. Evolutionary biology may offer insights that economics can use in their considerations in spite of obvious differences between the two academic disciplines.

Keywords: Economics and Finance; Geography (search for similar items in EconPapers)
Date: 2020
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