Macro and Micro Spatial Equilibrium

D'Acci, Luca (2013): Macro and Micro Spatial Equilibrium.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Cities, Spatial Equilibrium, Urban Economics, Personal Isobenefit Lines, Property Value, Location Decisions, Subjective Spatial Equilibrium.
• Subjects: A - General Economics and Teaching > A1 - General Economics > A10 - General; A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines; A - General Economics and Teaching > A1 - General Economics > A14 - Sociology of Economics; D - Microeconomics > D1 - Household Behavior and Family Economics; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R0 - General

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