2003/03/31 by Claes Andersson, Alexander Hellervik, Kristian Lindgren +2
Economics, Econometrics and Finance · Physics and Astronomy · #Complex Network Analysis Techniques #Complex Systems and Time Series Analysis #Opinion Dynamics and Social Influence #cond-mat.dis-nn #cond-mat.stat-mech
paper · pdf · doi:10.1103/physreve.68.036124
Submitted to Phys. Rev. E. 7 pages, 3 figures. (Minor typos and details fixed)
arxiv created 2003/03/31 · openalex publication_date 2003/09/23 · arxiv updated 2009/11/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We present empirical evidence that land values are scale free and introduce a network model that reproduces the observations. The network approach to urban modeling is based on the assumption that the market dynamics that generates land values can be represented as a growing scale-free network. Our results suggest that the network properties of trade between specialized activities cause land values, and likely also other observables such as population, to be power-law distributed. In addition to being an attractive avenue for further analytical inquiry, the network representation is also applicable to empirical data and is thereby attractive for predictive modeling.