Numerical simulations of a self-organizing economy

Issue title: Computational and Mathematical Methods for Science and Engineering Conference 2002 – CMMSE-2002

Article type: Research Article

Authors: Mossay, Pascal^{; *} | Martínez, Ricardo

Affiliations: Departamento de Fundamentos del Análisis Económico, Universidad de Alicante, E-03080 Alicante, Spain

Correspondence: [*] Corresponding author. Tel.: +34 965 90 35 63, ext. 3218; Fax: +34 965 90 36 85; E-mail: [email protected].

Abstract: In this paper we consider a spatial economic model along the lines of the new economic geography literature. The evolution equations of the model are of the transport-diffusion type. We propose a finite difference method to study the behavior of the economy across space and time. The emergence of economic agglomerations is adressed as well as their evolution over time when they happen.

Keywords: spatial economy, partial differential equations, finite difference

DOI: 10.3233/JCM-2004-41-205

Journal: Journal of Computational Methods in Sciences and Engineering, vol. 4, no. 1-2, pp. 25-32, 2004