Mathematical Models for the Time-Space Evolution of Economic Activities

Mon, 05/30/2022 - 13:00 / 14:00

403, Viale Romania

Speaker: Fausto Gozzi , Luiss


The goal of this talk is to present and discuss some recent models on the time evolution of most important economic variables (e.g. consumption and capital) across different locations, taking into account space heterogeneity.
In particular we focus on two settings:
- one looking at the macro level where there is one planner which, in a spatial Ramsey setting, maximizes utility across space with heterogeneous productivity in a deterministic (paper with R. Boucekkine, G. Fabbri, S. Federico) or in a stochastic environment (paper with M. Leocata);
- one introducing a mean field game model looking at the micro level where small agents move across space maximizing their own utility which also depends on the choices of the other agents (work with D. Fiaschi, D. Ghilli, C. Ricci, G. Zanco).