The Spatial Economy
The Spatial Economy shows how a common approach that emphasizes the three-way interaction among increasing returns, transportation costs, and the movement of productive factors can be applied to a wide range of issues in urban, regional, and international economics. Using new tools―in particular, modeling techniques developed to analyze industrial organization, international trade, and economic growth―this "new economic geography" has emerged as one of the most exciting areas of contemporary economics. The Spatial Economy is the first to provide a sound and unified explanation of the existence of large economic agglomerations at various spatial scales.
"A superb volume on the new e onomics of geography by three pioneers in the field. This lucid, elegant book is a must for any graduate course in urban e onomics."
— Edward L. Glaeser, Professor of Economics, Harvard University
"Monopolistic competition has revolutionized our thinking about a wide variety of economic topics, and it has established a firm foothold in macroeconomics. This splendid book shows how a number of common themes that have emerged from this approach can be used to advance our understanding of economic geography, regional and urban economics, international trade and economic development. It represents applied theory at its very best."
― Elhanan Helpman, The Eitan Berglas School of Economics, Tel Aviv University, and Department of Economics, Harvard university