Fujita and Ogawa revisited: an agent-based modeling approach
AbstractThis paper builds on and extends a classic paper (hereafter referred to as F – O) published by Masahisa Fujita and Hideaki Ogawa in 1982. Their paper models the emergence of urban centers brought about by household and firm location decisions in the context of spatially differentiated labor and land market interactions. Their approach is an analytical one that seeks to characterize the equilibrium values of the system. In contrast, we employ an agent-based modeling (ABM) approach that seeks to replicate the individual household and firm behaviors that lead to equilibrium or nonequilibrium outcomes. The F – O model has little to say about what happens outside of equilibrium, while the ABM approach is preoccupied with this question and is particularly well suited to address questions of path dependency and bounded rationality that lie well beyond the scope of the F – O original. We demonstrate that the urban outcomes that emerge depend critically upon the bidding behavior of agents and the institutional context within which their decisions are made.
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Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning B: Planning and Design.
Volume (Year): 36 (2009)
Issue (Month): 4 (July)
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Web page: http://www.pion.co.uk
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- Kim, Ho Yeon, 2012. "Shrinking population and the urban hierarchy," IDE Discussion Papers 360, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Theodore Tsekeris & Klimis Vogiatzoglou, 2011. "Spatial agent-based modeling of household and firm location with endogenous transport costs," Netnomics, Springer, vol. 12(2), pages 77-98, July.
- Theodore Tsekeris & Klimis Vogiatzoglou & Stelios Bekiros, 2011. "Multi-Regional Agent-Based Modeling of Household and Firm Location Choices with Endogenous Transport Costs," ERSA conference papers ersa10p479, European Regional Science Association.
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