A Model of Coupled-Maps for Economic Dynamics
J. R. Sanchez, R. Lopez-Ruiz
Abstract
An array system of coupled maps is proposed as a model for economy evolution. The local dynamics of each map or agent is controlled by two parameters. One of them represents the growth capacity of the agent and the other one is a control term representing the local environmental pressure which avoids an exponential growth. The asymptotic state of the system evolution displays a complex behavior. The distribution of the maps values in this final regime is of power law type. In the model, inequality emerges as a result of the dynamical processes taking place in the microscopic scales.
Create a lesson
Related papers
Stochastic resonance in adaptive dynamical networks
Vladimir V. Semenov
Collective Sensing as Emergent Bayesian Inference
Conor Heins
Dimension-dependent order parameter selection in higher-order Kuramoto dynamics on spheres: continuous versus quantized regimes
Hyungjin Huh, Dohyun Kim
Recovery Random Walks and Extreme Events on Complex Networks
Karan Singh, Narendran R. V., V. K. Chandrasekar et al.
Delay-induced multistability in one-dimensional swarmalators with common intrinsic frequency
Rommel Tchinda Djeudjo, Timoteo Carletti, Kevin P. O'Keeffe
Global synchronization of topological signals with time-delayed interactions
Wilfried Segnou, Thierry Njougouo, Diego Garlaschelli et al.