Nonlinear Sciences – Chaotic Dynamics
Scientific paper
2006-10-11
Nonlinear Sciences
Chaotic Dynamics
19 pages, 6 figures
Scientific paper
This paper attempts to analyze central place theory of spatial economics based on supply and demand theory in microeconomics and field theory in physics, and also discuss their relationship. Three most important research findings are described below. Firstly, the concept of market equilibrium could be expressed in the mathematical form of physics field theory under proper hypothesis. That is because the most important aspect of field theory model is that complex analysis is taken as a key mathematical tool. If assuming that imaginary part is neglected in this model, it is found that this model has the same mathematical structure as supply and demand theory of microeconomics. Secondly, the mathematical model of field theory can be applied to express clearly many concepts of central place theory, or even introduce many new concepts. Thirdly, it could also be taken as a study of combining the Hotelling Model and Moses Model for the location theory in another mathematic approach.
No associations
LandOfFree
Study on Applications of Supply and Demand Theory of Microeconomics and Physics Field Theory to Central Place Theory does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Study on Applications of Supply and Demand Theory of Microeconomics and Physics Field Theory to Central Place Theory, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Study on Applications of Supply and Demand Theory of Microeconomics and Physics Field Theory to Central Place Theory will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-579413