Search Results - subject:"Potential function"

Dynamic models of residential segregation: Brief review, analytical resolution and study of the introduction of coordination

Goffette-Nagot, Florence; Jensen, Pablo; Grauwin, Sébastian - HAL - 2009

In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for one's neighbors to be of the same color could lead to total segregation, even if total segregation does not correspond to individual preferences and to a residential...

Persistent link: https://www.econbiz.de/10008793080

Back to the Future: Economic Self-Organisation and Maximum Entropy Prediction

Barde, Sylvain - In: Computational Economics 45 (2015) 2, pp. 337-358

This paper shows that signal restoration methodology is appropriate for predicting the equilibrium state of certain economic systems. A formal justification for this is provided by proving the existence of finite improvement paths in object allocation problems under weak assumptions on...

Persistent link: https://www.econbiz.de/10011155130

Back to the future : economic self-organisation and maximum entropy prediction

Barde, Sylvain - In: Computational economics 45 (2015) 2, pp. 337-358

Persistent link: https://www.econbiz.de/10011325708

The Non-Linear Cournot Model as a Best-Response Potential Game

Dragone, Davide; Lambertini, Luca - Rimini Centre for Economic Analysis (RCEA) - 2008

Persistent link: https://www.econbiz.de/10005091078

Strain and Inflation-Unemployment Relationship in Transitional Economies: A theoretical and empirical investigation

Albu, Lucian Liviu - Institutul de Prognoza Economica, Institutul National … - 2008

Standard economic theory tells that a command system, like the former eastern economies, allocates resources poorly due to the impossibility of accurate calculation. Therefore, once prices are freed and start to operate at quasi-equilibrium (market-clearing) levels, the hidden inefficiencies...

Persistent link: https://www.econbiz.de/10005612192

Social Overhead Capital Development and Geographical Concentration

Aso, Yoshibumi - East Asian Bureau of Economic Research (EABER) - 2008

potential function and an index with which the geographical concentration degree is measured, and see how the agglomeration …

Persistent link: https://www.econbiz.de/10009365505

Caller Number Five: Timing Games that Morph from One Form to Another

Park, Andreas; Smith, Lones - Cowles Foundation for Research in Economics, Yale University - 2006

There are two varieties of timing games in economics: In a war of attrition, more predecessors helps; in a pre-emption game, more predecessors hurts. In this paper, we introduce and explore a spanning class with rank-order payoffs that subsumes both as special cases. In this environment with...

Persistent link: https://www.econbiz.de/10005762764

Dynamic models of residential segregation: An analytical solution

Grauwin, Sébastian; Goffette-Nagot, Florence; Jensen, Pablo - In: Journal of Public Economics 96 (2012) 1, pp. 124-141

. Using evolutionary game theory, we provide existence conditions for a potential function, which characterizes the global … configuration of the city and is maximized in the stationary state. We use this potential function to analyze the outcome of the … linear utility functions is the only case where the potential function is proportional to collective utility, the latter …

Persistent link: https://www.econbiz.de/10010577636

Back to the future: economic rationality and maximum entropy prediction

Barde, Sylvain - School of Economics, University of Kent - 2012

An information-theoretic thought experiment is developed to clarify why the maximum entropy methodology is appropriate for predicting the equilibrium state of economic systems. As a first step, object allocation problems, modeled as knapsack problems, are shown to be equivalent to congestion...

Persistent link: https://www.econbiz.de/10010539700

Dynamic models of residential segregation : an analytical solution

Grauwin, Sébastian; Goffette-Nagot, Florence; Jensen, Pablo - In: Journal of public economics 96 (2012) 1/2, pp. 124-141

Persistent link: https://www.econbiz.de/10009549277