This chapter discusses classical economic modelling in continuous twodimensional 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.
CITATION STYLE
Puu, T. (2016). Good old economic geography. Lecture Notes in Economics and Mathematical Systems, 683, 329–359. https://doi.org/10.1007/978-3-319-40803-3_13
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