Ortalo-Magné, François; Prat, Andrea - C.E.P.R. Discussion Papers - 2010
spatial economics, while the second has been analyzed in finance. Spatial asset pricing is an attempt to combine equilibrium … problem. Within spatial economics, we identify the consequences of hedging motives for location decisions. We characterize a … for the pricing of risk includes homeownership rates) and in spatial economics (e.g. hedging considerations and the …