Turkish Journal of Physics
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.
DOI
10.55730/1300-0101.2725
Keywords
Econophysics, Fisher equation of genetics
First Page
188
Last Page
193
Recommended Citation
KAUFMAN, M (2022). On an Econophysics Model. Turkish Journal of Physics 46 (6): 188-193. https://doi.org/10.55730/1300-0101.2725
