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Innovation, Dynamic Regions and Regional Dynamics

  • Charlie Karlsson
  • Åke E. Andersson
  • Paul Cheshire
  • R. R. StoughEmail author
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

The development of economic theory after World War II has focused on clarifying the necessary and sufficient conditions for the existence of an idealized general equilibrium. Debreu (1956), Arrow and Hahn (1971), and Scarf and Hansen (1973) established these conditions, building on earlier attempts by Cassel (1917) and Wald (1933–34, 1934–35). A key assumption in the formulation and proofs of the existence of a general equilibrium of a competitive economy is a large (or even infinite) number of buyers and sellers (Aumann 1964), which ensures anonymous markets and mutual independence of agents. Another assumption is the convexity of preference and production technology sets (Uzawa 1962). A third assumption is flexible pricing of goods and production factors.

Keywords

Process Innovation Product Innovation Technological Knowledge Urban Region Market Potential 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2009

Authors and Affiliations

  • Charlie Karlsson
    • 1
  • Åke E. Andersson
    • 1
  • Paul Cheshire
    • 2
  • R. R. Stough
    • 3
    Email author
  1. 1.Jönköping International Business School Department of EconomicsJönköping UniversityJönköpingSweden
  2. 2.Geography & Environment DepartmentLondon School of EconomicsLondonUnited Kingdom
  3. 3.George Mason UniversityFairfaxUSA

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