Industrial Location Models I
Market Structure
The Webber Model
Material index
Lösch Model
Hotelling model Assignment for Today
Re-read pp. 158-164, Read pp 164-169 Come to class with a basic understanding of the following: ubiquitous raw materials, localized raw materials, raw material costs, pure raw materials, weight- or bulk-losing raw materials (gross raw materials), material index, perishable goods
Assignment for next time
Read pp. 169-173 Come to class with a basic familiarity of the following concepts: scale and technique considerations, substitution of capital for labor, Scale economies, division of labor, vertical integration, diversification, agglomeration economies, production linkages, service linkages, marketing linkages, urbanization or industrial-complex economies, adoptive and adaptive behavior, footloose industries.
