A Spatial-Discounting Theory of Interaction Preferences

Dados Bibliográficos

ID4143576
AutoresT E Smith (University of Pennsylvania), Tony Smith (0000-0001-6420-8183, University City Science Center, autor correspondente)
Ano1976
Volume8
Fascículo8
Páginas879-915
Data de publicação1976-12-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEnvironment and Planning A Economy and Space (JOURNAL)
Identificadores do periódicoISSN: 0308-518X • E-ISSN: 1472-3409
EditoraSAGE Publications Inc (PUBLISHER)
DOI10.1068/a080879
OpenAlexW2061747385
IdiomaEN
Citações recebidas2
Referências 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