Growth and Allocation of Resources in Economics: The Agent-Based Approach

Details Growth and Allocation of Resources in Economics: The Agent-Based Approach Growth and Allocation of Resources in Economics: The Agent-Based Approach

2006-08-23

arxiv.org/abs/physics/0608221v1

Physics

Physics and Society

8 pages. Paper presented at the Econophysics Colloquium, Canberra, Australia, November 2005. Physica A in press

Scientific paper

10.1016/j.physa.2006.04.038

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.

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