Abstract
This chapter discusses classical economic modelling in continuous two-dimensional geographical space, focusing some ingenious models due to Harold Hotelling and Martin Beckmann concerning population growth and migration, and spatial market equilibrium, respectively. It also adds some modelling of business cycles, and discusses the issue the shape of market areas. Focus is on transversality and stability of structure.
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Acknowledgements
This work has been supported by the grants MTM2014-52920-P from Ministerio de Economía y Competitividad (Spain), and COST Action IS1104 “The EU in the new complex geography of economic systems: models, tools and policy evaluation”. Finally “este trabajo es resultado del proyecto de investigación 19294/PI/14 financiado por la Fundación Séneca-Agencia de Ciencia y Tecnología de la Región de Murcia en el marco del PCTIRM 2011–2014”.
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Puu, T. (2016). Good Old Economic Geography. In: Commendatore, P., Matilla-García, M., Varela, L., Cánovas, J. (eds) Complex Networks and Dynamics. Lecture Notes in Economics and Mathematical Systems, vol 683. Springer, Cham. https://doi.org/10.1007/978-3-319-40803-3_13
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