A Model of Coupled-Maps for Economic Dynamics

Details A Model of Coupled-Maps for Economic Dynamics A Model of Coupled-Maps for Economic Dynamics

2005-07-26

arxiv.org/abs/nlin/0507054v1

Nonlinear Sciences

Adaptation and Self-Organizing Systems

4 pages, 2 figures

Scientific paper

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.

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