Economy – Quantitative Finance – General Finance
Scientific paper
2008-11-07
Economy
Quantitative Finance
General Finance
10 pages, 14 figures. Submitted to Physica A
Scientific paper
The one-dimensional deterministic economic model recently studied by Gonzalez-Estevez et al. [Physica A 387, 4367 (2008)] is considered on a two-dimensional square lattice with periodic boundary conditions. In this model, the evolution of each agent is described by a map coupled with its nearest neighbors. The map has two factors: a linear term that accounts for the agent's own tendency to grow and an exponential term that saturates this growth through the control effect of the environment. The regions in the parameter space where the system displays Pareto and Boltzmann-Gibbs statistics are calculated for the cases of von Neumann and of Moore's neighborhoods. It is found that, even when the parameters in the system are kept fixed, a transition from Pareto to Boltzmann-Gibbs behavior can occur when the number of neighbors of each agent increases.
Alvarez-Llamoza O.
Cosenza M. G.
Gonzalez-Estevez J.
López-Ruiz Ricardo
No associations
LandOfFree
Transition from Pareto to Boltzmann-Gibbs behavior in a deterministic economic model does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Transition from Pareto to Boltzmann-Gibbs behavior in a deterministic economic model, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Transition from Pareto to Boltzmann-Gibbs behavior in a deterministic economic model will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-228454