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The effect of majority rule voting in hierarchical structures is studied using the basic concepts from real space renormalization group. It shows in particular that a huge majority can be self-eliminated while climbing up the hierarchy levels. This majority democratic self-elimination...
Persistent link: https://www.econbiz.de/10010590309
We apply a physical-based model to describe the clothes fashion market. Every time a new outlet appears on the market, it can invade the market under certain specific conditions. Hence, the “old” outlet can be completely dominated and disappears. Each creator competes for a finite population...
Persistent link: https://www.econbiz.de/10011058016