The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting
Assume that economic activities are conducted in a bounded continuous domain where workers move toward regions that offer higher real wages and away from regions that offer below-average real wages. The density of real wages is calculated by solving the nominal wage equation of the continuous Dixit-...
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Wiley
2015-01-01
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| Series: | Abstract and Applied Analysis |
| Online Access: | http://dx.doi.org/10.1155/2015/760136 |
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| author | Minoru Tabata Nobuoki Eshima |
| author_facet | Minoru Tabata Nobuoki Eshima |
| author_sort | Minoru Tabata |
| collection | DOAJ |
| description | Assume that economic activities are conducted in a bounded continuous domain where workers move toward regions that offer higher real wages and away from regions that offer below-average real wages. The density of real wages is calculated by solving the nominal wage equation of the continuous Dixit-Stiglitz-Krugman model in an urban-rural setting. The evolution of the density of workers is described by an unknown function of the replicator equation whose growth rate is equal to the difference between the density of real wages and the average real wage. Hence, the evolution of the densities of workers and real wages is described by the system of the nominal wage equation and the replicator equation. This system of equations is an essentially new kind of system of nonlinear integropartial differential equations in the theory of functional equations. The purpose of this paper is to obtain a sufficient condition for the initial value problem for this system to have a unique global solution. |
| format | Article |
| id | doaj-art-955992a7c4c2451c959a0574f1ba0450 |
| institution | Kabale University |
| issn | 1085-3375 1687-0409 |
| language | English |
| publishDate | 2015-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Abstract and Applied Analysis |
| spelling | doaj-art-955992a7c4c2451c959a0574f1ba04502025-02-03T01:09:46ZengWileyAbstract and Applied Analysis1085-33751687-04092015-01-01201510.1155/2015/760136760136The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural SettingMinoru Tabata0Nobuoki Eshima1Department of Mathematical Sciences, Osaka Prefecture University, Sakai, Osaka 599-8531, JapanDepartment of Statistics, Oita University, Oita 879-5593, JapanAssume that economic activities are conducted in a bounded continuous domain where workers move toward regions that offer higher real wages and away from regions that offer below-average real wages. The density of real wages is calculated by solving the nominal wage equation of the continuous Dixit-Stiglitz-Krugman model in an urban-rural setting. The evolution of the density of workers is described by an unknown function of the replicator equation whose growth rate is equal to the difference between the density of real wages and the average real wage. Hence, the evolution of the densities of workers and real wages is described by the system of the nominal wage equation and the replicator equation. This system of equations is an essentially new kind of system of nonlinear integropartial differential equations in the theory of functional equations. The purpose of this paper is to obtain a sufficient condition for the initial value problem for this system to have a unique global solution.http://dx.doi.org/10.1155/2015/760136 |
| spellingShingle | Minoru Tabata Nobuoki Eshima The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting Abstract and Applied Analysis |
| title | The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting |
| title_full | The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting |
| title_fullStr | The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting |
| title_full_unstemmed | The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting |
| title_short | The Existence and Uniqueness of Global Solutions to the Initial Value Problem for the System of Nonlinear Integropartial Differential Equations in Spatial Economics: The Dynamic Continuous Dixit-Stiglitz-Krugman Model in an Urban-Rural Setting |
| title_sort | existence and uniqueness of global solutions to the initial value problem for the system of nonlinear integropartial differential equations in spatial economics the dynamic continuous dixit stiglitz krugman model in an urban rural setting |
| url | http://dx.doi.org/10.1155/2015/760136 |
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