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Macro and Micro Spatial Equilibrium

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  • D'Acci, Luca

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.

Suggested Citation

  • D'Acci, Luca, 2013. "Macro and Micro Spatial Equilibrium," MPRA Paper 48984, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48984
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    File URL: https://mpra.ub.uni-muenchen.de/48984/1/MPRA_paper_48984.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Cities; Spatial Equilibrium; Urban Economics; Personal Isobenefit Lines; Property Value; Location Decisions; Subjective Spatial Equilibrium.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • D1 - Microeconomics - - Household Behavior
    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General

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