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2652. Complementarity problem formulation of Fujita-Ogawa model with heterogeneous players
Invited abstract in session WC-43: Recent advances on Variational Inequalities and Equilibrium Problems II, stream Variational Inequalities and Equilibrium Problems: From Theoretical Advances to Real World Applications.
Wednesday, 12:30-14:00Room: 99 (building: 306)
Authors (first author is the speaker)
| 1. | Shunsuke Hayashi
|
| Department of Industrial and System Engineering, Faculty of Science and Enginering, Hosei University |
Abstract
In this study, we focus on Fujita-Ogawa (FO) model, which is known to be one of equilibrium models to analyze the agglomeration patterns of cities. FO model has a scheme of population game, in which the numbers of firms and households for each location serve as variables, and their distance-decay interactive benefits and commuting costs serve as payoffs. In this study, we assume the heterogenous attribute for each firm, and formulate its equilibrium by means of complementary conditions. We also calculate some equilibrium solutions in a graphical manner.
Keywords
- Continuous Optimization
- Economic Modeling
- Optimization Modeling
Status: accepted
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