Greenhut, John G; Greenhut, Melvin L - In: The Annals of Regional Science 26 (1992) 3, pp. 257-67
This paper contends that classical spaceless price theory is excessively limited. In contrast, the spatial model provides a robustly general framework such that it even sheds light on the beta statistic in portfolio theory and the capital asset pricing model (CAPM), which led to 1990 Nobels for...