On an Econophysics Model

Authors

MIRON KAUFMAN

DOI

10.55730/1300-0101.2725

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.

Keywords

Econophysics, Fisher equation of genetics

First Page

188

Last Page

193

Recommended Citation

KAUFMAN, MIRON (2022) "On an Econophysics Model," Turkish Journal of Physics: Vol. 46: No. 6, Article 3. https://doi.org/10.55730/1300-0101.2725
Available at: https://journals.tubitak.gov.tr/physics/vol46/iss6/3