A central limit theorem for endogenous locations and complex spatial interactions
Pinkse, Joris, Shen, Lihong and Slade, Margaret E.. (2007) A central limit theorem for endogenous locations and complex spatial interactions. Journal of Econometrics, Vol.140 (No.1). pp. 215-225. ISSN 0304-4076Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.jeconom.2006.09.008
We provide a new central limit theorem (CLT) for spatial processes under weak conditions that are plausible for many economic applications in which location is endogenous. In particular, our CLT is designed for problems that have some, but not necessarily all, of the following features: (i) Agents choose the locations of observations to maximize profits, welfare, or some other objective. (ii) The objects that are chosen (e.g., stores or brands) interact with one another. For example, they can be substitutes or complements. (iii) Interaction can be complex. In particular, interaction between i and j need not depend only on the distance between the locations of i and j, but can also depend on distance to or location of other observations k, or possibly on the number of other such observations. (C) 2006 Elsevier B.V. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions
Q Science > QA Mathematics
H Social Sciences
|Divisions:||Faculty of Social Sciences > Economics|
|Journal or Publication Title:||Journal of Econometrics|
|Publisher:||Elsevier BV * North-Holland|
|Official Date:||September 2007|
|Number of Pages:||11|
|Page Range:||pp. 215-225|
|Access rights to Published version:||Restricted or Subscription Access|
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