Article
On an Econophysics Model
Turkish Journal of Physics
(2022)
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.Â
Keywords
- econophysics,
- Fisher equation
Disciplines
Publication Date
December 1, 2022
DOI
10.55730/1300-0101.2725
Citation Information
Miron Kaufman. "On an Econophysics Model" Turkish Journal of Physics Vol. 46 Iss. 6 (2022) Available at: http://works.bepress.com/miron_kaufman/82/