"The discrete choice approach provides an ideal framework for describing the demands for differentiated products and can be used for studying most product differentiation models in the literature. By introducing extra dimensions of product heterogeneity, the framework also provides richer models of firm location and product selection."--BOOK JACKET.
The authors show 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.
The second edition explores the economic factors driving diverse agglomerations, examining their presence from a global scale down to local contexts. It delves into the reasons behind these clusters and their implications for economic development, offering insights into how geography and economics intersect in shaping communities and industries.