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Clean Evidence on Face-to-Face: Why Experimental Economics is of Interest to Regional Economists
The notion of face-to-face contacts has recently become very popular in regional economics and in economic geography. This is the most obvious way to explain why firms still locate in proximity to others after the "death of distance", i.e., the shrinking costs for transportation, especi...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 04-2009) |
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| Main Author: | |
| Format: | Work |
| Language: | English |
| Published: |
Philipps-Universität Marburg
2009
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| Subjects: | |
| Online Access: | PDF Full Text |
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| Summary: | The notion of face-to-face contacts has recently become very popular in regional economics
and in economic geography. This is the most obvious way to explain why firms still locate in
proximity to others after the "death of distance", i.e., the shrinking costs for transportation,
especially transportation of messages' pure information content. While this is intuitive,
controlled laboratory experiments provide much more direct and reliable evidence on the
importance of face-to-face contacts. They tackle the question what personal contacts are good
for, and in which cases their effects are negligible. To the best of my knowledge, regional
economists and geographers are not aware of this new and developing string of literature; it is
the purpose of this paper to survey and to organize the relevant experimental research with a
special focus on its importance for regional economics. However, the paper might also serve
to alert more experimentalists to the importance of their work for current regional science, of
which they seem not to be aware either. |
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| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2023.0218 |