Understanding the Time-Space Evolution of Economic Activities: Recent Mathematical Models and their application

The Institute of Economics will hold a meeting of its Seminar Series on Tuesday, 11 February, 2020: Fausto Gozzi, from LUISS, will present the paper "Understanding the Time-Space Evolution of Economic Activities: Recent Mathematical Models and their Application".

Abstract
The goal of this talk is to present a review of recent models on the time evolution of most important economic variables (e.g. labour and capital) across different locations, taking into account space heterogeneity. In particular we focus on two recent works (partly in progress):

• one looking at the macro level where there is one planner which, in a spatial Ramsey setting, maximizes utility across space with heterogeneous productivity.
• one looking at the micro level where the agents move across space maximizing their own utility which also depend on the position of the other agents.