ECON-3056EL Lecture Notes - Lecture 18: Evolutionary Game Theory, Bibliometrics, Laurentian University
28 Feb 2017
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Document Summary
Article review #1: game theory in regional economics. Review of article: the use of game theory in regional economics: a quantitative. 1the article, the use of game theory in regional economics: a quantitative retrospective by silva, mota, and grilo, recommends the use of game theory in regional economics. According to the authors, there has been an overlying problem when it comes to making choices for business locations, infrastructure, communication, household, and transport. This is what is referred to us economic geography in regional economics. Modern economics elements such as urban economics, industrial organization, growth and development, and trade form important aspects in field regional economics (owen 2013). The author"s argue that without the game theory, achieving these elements might become a major problem. In addition, game theory is associated with formalization within industrial and regional economics, especially in the study of decision making. Huang 2012) the game theory element as a powerful analytical tool in regional economics.
