An introduction to spatial discounting.
The writers introduce the concept of spatial discounting and explore its welfare implications through a simple diffusion model. They discuss the influence of spatial discounting in the allocation of resources with geographically distributed nonmarket effects. They note that the common factors in t...
| Publicado en: | Journal of Regional Science Vol. 41; no. 1; pp. 23 - 39 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
February 2001
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The writers introduce the concept of spatial discounting and explore its welfare implications through a simple diffusion model. They discuss the influence of spatial discounting in the allocation of resources with geographically distributed nonmarket effects. They note that the common factors in these effects are that they are external to the market transactions that cause them, and their strength generally depends on how far they are from the source. They use the rate of decay in such effects as the basis for spatial discounting and formulate a warranted spatial discount rate. They investigate the relationship between spatial discounting and consumption suggested by the Environmental Kuznets Curve and valuation literatures. |
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