A Spatial-Discounting Theory of Interaction Preferences

Datos Bibliográficos

ID4143576
AutoresT E Smith (University of Pennsylvania), Tony Smith (0000-0001-6420-8183, University City Science Center, autor de correspondencia)
Año1976
Volumen8
Número8
Páginas879-915
Fecha de publicación1976-12-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnvironment and Planning A Economy and Space (JOURNAL)
Identificadores de la revistaISSN: 0308-518X • E-ISSN: 1472-3409
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1068/a080879
OpenAlexW2061747385
IdiomaEN
Citas recibidas2
Referencias citadas12

In a variety of situations involving human interaction, actors compare alternative interaction opportunities in terms of their perceived distance or accessibility to opportunities within some relevant space of attributes. In this paper, a theory of interaction preferences is proposed in which actors implicitly discount potential opportunity interactions in terms of these perceived distances. This form of implicit discounting behavior is shown to be characterized by three general axioms of observable preference behavior. The special case of exponential spatial discounting is also characterized explicitly. In addition, conditions are established under which discounted preferences are representable by utility functions. Finally, the dependence of discounted preferences on the underlying configuration of distances is examined in depth

Axiom · Discounting · Econometrics · Economics · Exponential function · Mathematical economics · Microeconomics · Observable · Preference · Revealed preference · Statistics · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Economic theories and models · Mathematics