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On an Econophysics Model
2022
Journal:  
Turkish Journal of Physics
Author:  
Abstract:

Krugman has proposed a continuous in time and space model for the emergence of polycentric urban areas in the regional space. By using a discrete version of this model on spatial networks, we predicted the distribution of jobs among the different localities inside a couple of economic regions in Ohio and Texas. The time evolution of the distribution of jobs is governed by a market potential. Employment gradually moves towards locations considered relatively attractive if their market potential is above the spatial average. Similarly, jobs move away from locations with below-average market potential. First, I will show that the market potential satisfies the Fisher equation of natural selection. Second, I will determine the stationary distribution.

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2022
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2022
Author:  
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Turkish Journal of Physics

Field :   Fen Bilimleri ve Matematik

Journal Type :   Uluslararası

Metrics
Article : 1.313
Cite : 223
Turkish Journal of Physics