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  2. Location theory - Wikipedia

    en.wikipedia.org/wiki/Location_theory

    Location theory has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses questions of what economic activities are located where and why. Location theory or microeconomic theory generally assumes that agents act in their own self-interest. Firms thus choose locations that maximize ...

  3. Location model (economics) - Wikipedia

    en.wikipedia.org/wiki/Location_model_(economics)

    In economics, a location model or spatial model refers to any monopolistic competition model that demonstrates consumer preference for particular brands of goods and their locations. Examples of location models include Hotelling 's Location Model, Salop 's Circle Model, and hybrid variations.

  4. Central place theory - Wikipedia

    en.wikipedia.org/wiki/Central_place_theory

    Central place theory is an urban geographical theory that seeks to explain the number, size and range of market services in a commercial system or human settlements in a residential system. [1] It was introduced in 1933 to explain the spatial distribution of cities across the landscape. [ 2 ]

  5. Reilly's law of retail gravitation - Wikipedia

    en.wikipedia.org/wiki/Reilly's_law_of_retail...

    In addition to Newton's Law of Gravity in the physical sciences, there were other antecedents to Reilly's "law" of retail gravity. In particular, E.C. Young in 1924 described a formula for migration that was based on the physical law of gravity, and H.C. Carey had included a description of the tendency of humans to "gravitate" together in an 1858 summary of social science theory.

  6. Retail geography - Wikipedia

    en.wikipedia.org/wiki/Retail_geography

    Retail geography, or geography of retailing, is the study of where to place retail stores based on where their customers are. The use of retail geography has grown significantly in the past decade as a result of the use of geographic information systems . It first emerged in the United States in the 1960s. [1]

  7. Hotelling's law - Wikipedia

    en.wikipedia.org/wiki/Hotelling's_law

    Hotelling's law is an observation in economics that in many markets it is rational for producers to make their products as similar as possible. This is also referred to as the principle of minimum differentiation as well as Hotelling's linear city model.

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  9. Bid rent theory - Wikipedia

    en.wikipedia.org/wiki/Bid_rent_theory

    [1] The bid rent theory is a geographical economic theory that refers to how the price and demand for real estate change as the distance from the central business district (CBD) increases. Bid Rent Theory was developed by William Alonso in 1964, it was extended from the Von-thunen Model (1826), who analyzed agricultural land use.