Previous studies have suggested that the world-trade network belongs to the class of static hidden variable models. In this article we investigate the microscopic structure of the world trade network, that is the hidden variable correlation matrix of the network. The hidden variable is defined...

In this paper, we study analytically a simple model of salary distributions where two individuals, (employees) who both work for the same organisation, compare salaries. The higher paid individual does nothing but the lower paid individual leaves the organisation and is replaced by another,...

Models to mimic the transmission of information in financial markets are introduced. As an attempt to generate the demand process, we distinguish between dictatorship associations, where groups of agents rely on one of them to make decision, and democratic associations, where each agent takes...

In a recent work, we introduced two models for the dynamics of customers trying to find the business that best corresponds to their expectation for the price of a commodity. In agreement with the empirical data, a power-law distribution for the business sizes was obtained, taking the number of...

We introduce a collection of complex networks generated by a combination of preferential attachment and a previously unexamined process of “splitting” nodes of degree k into k nodes of degree 1. Four networks are considered, each evolves at each time step by either preferential attachment,...

Ideas and tools from statistical physics have recently been applied to the investigation of human dynamics. The timing of human activities, in particular, has been studied both experimentally and analytically. Empirical data show that, in many different situations, the time interval separating...

We introduce cluster dynamical models of conflicts in which only the largest cluster can be involved in an action. This mimics the situations in which an attack is planned by a central body, and the largest attack force is used. We study the model in its annealed random graph version, on a fixed...

We consider a finite set S={x1,…,xr} and associate to each element xi a probability pi. We then form sequences (N-strings) by drawing at random N elements from S with respect to the probabilities assigned to them. Each N-string generates a network where the elements of S are represented as...

We have studied the directed and weighted network in which the wards of London are vertices and two vertices are connected whenever there is at least one person commuting to work from one ward to another. Remarkably the in-strength and in-degree distribution tail is a power law with exponent...

We introduce and solve a model that mimics the herding effect in financial markets when groups of agents share information. The number of agents in the model is growing and at each time step either: (i) with probability p an incoming agent joins an existing group, or (ii) with probability 1−p...