Market Potential in Spatial Economics.

Experimental economics for market design

1 Abstract This study reports of an experimental economics analysis of the new proposed SwedishNorwegian tradable green certificate market (TGC). The green certificate market is a financial instrument to stimulate renewables within the context of liberalized, transnational electricity markets (a kind of market-oriented subsidy scheme). Green certificates are financial assets issued to green pro...

Does Market Potential Matter? Evidence on the Impact of Market Potential on Economic Growth in Iranian Provinces

T he market potential is an indicator showing the level of market access and national demand for products of a region. The aim of this study is to study the effect of market potential on regional economic growth in 28 Iranian provinces over the years 2001–2011. In order to do that, a model of regional growth was estimated by using Spatial Dynamic Panel Data technique. This technique ...

Mathematical Models in Spatial Economics

The role of country size in spatial economics: A survey of the home market effects*

This paper surveys the growing literature on the home market effects (HMEs) in spatial economics. The HMEs are utilized to disclose the role of country size in the configuration of economic activity. Various HMEs display distinctive features of size advantage and they are originally obtained from different models. Recent studies find that these features are closely related to each other. The fo...

Bitcoin Market, economics and regulation

Bitcoin is a digital currency which started circulating in 2009. It was the first form of virtual money to become relatively popular. Bitcoin is public in nature as it maintains a log of all transactions. These are verified by its users in a process called mining. The extent of computing power and energy needed to mine bitcoins is set to increase over time. The main advantages of Bitcoin in com...