Hotelling’s Migration Model: The Steady State
Economic inequalities are forever subject to forces of erosion. In two-dimensional space these take the particular form of diffusion. In the words of Hotelling “A … tendency to spread out, to go from places of greater to places of less density appears in various phenomena connected with human society … Human beings themselves show a marked tendency to spread out” (Hotelling p.1225).
KeywordsPeriodic Solution Boundary Point Symmetric Solution Power Series Solution Unbounded Region
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