Growth and allocation of resources in economics: The agent-based approach
Authored by Eric Guerci, Enrico Scalas, David Mas, Alessandra Tedeschi
Date Published: 2006-10-01
DOI: 10.1016/j.physa.2006.04.038
Sponsors:
Italian Ministry for University and Scientific Research
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Model Documentation:
Other Narrative
Mathematical description
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Abstract
Some agent-based models for growth and allocation of resources are described. The first class considered consists of conservative models, where the number of agents and the size of resources are constant during time evolution. The second class is made up of multiplicative noise models and some of their extensions to continuous time. (c) 2006 Elsevier B.V. All rights reserved.
Tags
Equilibrium
growth