ISSN:
1435-5957
Keywords:
JEL classification: R30, B40, L20
;
Key words:Firm location, production, input substitution
Source:
Springer Online Journal Archives 1860-2000
Topics:
Geography
,
Economics
Notes:
Abstract. This note will argue that the interpretation of neo-classical location-production models, as a possible basis for informing us about real-world phenomena, is not as straightforward as might be supposed. The reason for this is that such models contain implicit assumptions concerning the characteristics of products, the preferences of consumers, and the nature of product input-output hierarchies. Therefore, when we are discussing the behaviour of real-world spatial phenomena, it is necessary to make such assumptions explicit in order to determine the conditions under which such models can be useful analytical tools. It will be shown here that such conditions are so restrictive that these models are not even approximately applicable to most real-world cases.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/s101100050029
Permalink