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Utility, Accessibility and Entropy in Spatial Modelling
The Swedish Journal of Economics
Vol. 74, No. 1, Economics of Location: Theory and Policy Aspects (Mar., 1972), pp. 35-44
Stable URL: http://www.jstor.org/stable/3439008
Page Count: 10
You can always find the topics here!Topics: Entropy, Utility maximization, Commodities, Utility models, Spatial models, Consumer economics, Financial budgets, Travel expenses, Economic models, Economic utility
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Information theory and physics have provided the concept of entropy now widely used in urban and regional modelling. The author shows how this concept in principle can be related to the traditional utility concept and reveals the lack of uniqueness of entropy as a substitute for utility in goal functions. The non-economist's accessibility concept is then discussed. It is shown how this spatial system property can be analyzed generally by means of utility maximization while the entropy and other empirical approaches are shown to be special cases of the utility approach with respect to deriving gravitational formulae.
The Swedish Journal of Economics © 1972 The Scandinavian Journal of Economics