Advertisement

Economic Agglomeration

Part of the Springer Series in Synergetics book series (SSSYN)

Abstract

In this chapter, Brownian agents play their role as economic agents, namely, employed and unemployed workers. Depending on the local economic situation that changes in time, employees can be fired, or the unemployed can be hired. This in turn leads to changes in the supply and demand of products and, together with complex local and global feedback processes, to the rise and fall of whole economic regions. In a world of fast growing population and intercontinental trade relations, the local emergence of new economic centers, on the one hand, and the global competition of existing economic centers, on the other hand, has a major impact on the socioeconomic and political stability of our future world [281].

Keywords

Production Function Real Wage Marginal Product Economic Center Economic Agglomeration 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 2007

Personalised recommendations