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The Exclusion Theorem in the Weberian Space
Author(s) -
Hsu SongKen,
Tan LinTi
Publication year - 2000
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/0022-4146.00163
Subject(s) - novelty , space (punctuation) , mathematical economics , order (exchange) , mathematics , computer science , economics , philosophy , theology , finance , operating system
In this paper we employ a unifying approach to examine the exclusion theorem in a Weberian space under various types of uncertainty: input price or output price uncertainty, transport rate uncertainty, and technology uncertainty. The novelty of our approach is the usage of second‐order conditions and comparative static analysis in the derivation of conditions for thevalidity of the exclusion theorem. Our main results are new and some are generalizations of those obtained in prior studies.