Macro and Micro Spatial Equilibrium

Luca D'Acci ()

MPRA Paper from University Library of Munich, Germany

Abstract: These pages briefly mention the assumption of indifference between residing in different locations which is embodied in spatial equilibrium. Sometimes, for a person, a pure indifference may result, namely gains and costs (monetary or not) are entirely compensated among locations; but sometimes not, and decisions are made on the basis of an overall gain, which implies that locations are not so indifferent for a specific person, even if they appear in equilibrium from a theoretical point of view. The reasoning ends by proposing the Macro Spatial Equilibrium and the Micro (or Subjective) Spatial Equilibrium.

Keywords: Cities; Spatial Equilibrium; Urban Economics; Personal Isobenefit Lines; Property Value; Location Decisions; Subjective Spatial Equilibrium. (search for similar items in EconPapers)
JEL-codes: A10 A12 A14 D1 R0 (search for similar items in EconPapers)
Date: 2013-08-01
New Economics Papers: this item is included in nep-geo, nep-hpe, nep-spo and nep-ure
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