Economic activities are not concentrated on the head of a pin, nor
are they spread evenly over a featureless plane. On the contrary,
they are distributed very unequally across locations, regions and
countries. Even though economic activities are, to some extent,
spatially concentrated because of natural features, economic
mechanisms that rely on the trade-off between various forms of
increasing returns and different types of mobility costs are more
fundamental. This book is a study of the economic reasons for the
existence of a large variety of agglomerations arising from the
global to the local. This second edition combines a comprehensive
analysis of the fundamentals of spatial economics and an in-depth
discussion of the most recent theoretical developments in new
economic geography and urban economics. It aims to highlight
several of the major economic trends observed in modern societies.
The first edition was the winner of the 2004 William Alonso
Memorial Prize for Innovative Work in Regional Science.
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