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The Globe and the Circle : Geometry and Economic Geography as Tribute to Thales and Nash / Kaushik Basu.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Basu, Kaushik.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Circle.
- Electoral Democracy.
- Private Sector Development.
- Sphere.
- Store Location.
- Local Subjects:
- Circle.
- Electoral Democracy.
- Private Sector Development.
- Sphere.
- Store Location.
- Physical Description:
- 1 online resource (12 pages)
- Other Title:
- Globe and the Circle
- Place of Publication:
- Washington, D.C. : The World Bank, 2016.
- System Details:
- data file
- Summary:
- The geometry of the line and the circle has been used in economics for a long time to understand location choice and political positioning in democratic polity. This paper draws on some elementary ideas from geometry and game theory to extend some of the analysis to beyond lines and circles, to the globe or the sphere. In the spirit of recreational geometry, the paper is focused on demonstrating some abstract results concerning Nash equilibria on the globe. It is hoped that this will help us understand better the robustness of median voter theorems and why stores position themselves the way they do.
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