Although the spatial dimension is embedded in most issues studied by environmental and resource economics, its incorporation into economic models is not widespread. As a result, significant aspects of important problems remain hidden, which could lead to policy failures. This Element fills this...

This paper presents an Agent-based LOcation Model (ABLOoM). ABLOoM simulates the location decisions of two main types of agents, namely households and firms. The model contains multiple interactions that are crucial in understanding land use changes, such as interactions of agents with other...