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Schelling's model of segregation is an agent-based model developed by economist Thomas Schelling. [1] [2] Schelling's model does not include outside factors that place pressure on agents to segregate such as Jim Crow laws in the United States, but Schelling's work does demonstrate that having people with "mild" in-group preference towards their own group could still lead to a highly segregated ...
A kink in an otherwise linear demand curve. Note how marginal costs can fluctuate between MC1 and MC3 without the equilibrium quantity or price changing. The Kinked-Demand curve theory is an economic theory regarding oligopoly and monopolistic competition. Kinked demand was an initial attempt to explain sticky prices.
In the configuration model, the degree of each vertex is pre-defined, rather than having a probability distribution from which the given degree is chosen. [2] As opposed to the Erdős–Rényi model, the degree sequence of the configuration model is not restricted to have a Poisson distribution, the model allows the user to give the network any desired degree distribution.
Urban structure is the arrangement of land use in urban areas, in other words, how the land use of a city is set out. [1] Urban planners, economists, and geographers have developed several models that explain where different types of people and businesses tend to exist within the urban setting. Urban structure can also refer to urban spatial ...
e. In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial ...
In the social sciences an open system is a process that exchanges material, energy, people, capital and information with its environment. French/Greek philosopher Kostas Axelos argued that seeing the "world system" as inherently open (though unified) would solve many of the problems in the social sciences, including that of praxis (the relation of knowledge to practice), so that various social ...
Tiebout model. The Tiebout model, also known as Tiebout sorting, Tiebout migration, or Tiebout hypothesis, is a positive political theory model first described by economist Charles Tiebout in his article "A Pure Theory of Local Expenditures" (1956). The essence of the model is that there is in fact a non-political solution to the free rider ...
Theory. The "Dual Sector Model" is a theory of development in which surplus labor from traditional agricultural sector is transferred to the modern industrial sector whose growth over time absorbs the surplus labor, promotes industrialization and stimulates sustained development. In the model, the traditional agricultural sector is typically ...