Showing 1 - 10 of 26
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...
Persistent link: https://www.econbiz.de/10010874018
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...
Persistent link: https://www.econbiz.de/10010874274
The effects of link rewiring are considered for the class of directed networks where each node has the same fixed out-degree. We model a network generated by three mechanisms that are present in various networked systems; growth, global rewiring and local rewiring. During a rewiring phase a node...
Persistent link: https://www.econbiz.de/10010939882
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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,...
Persistent link: https://www.econbiz.de/10010871946
We introduce a new class of deterministic networks by associating networks with Diophantine equations, thus relating network topology to algebraic properties. The network is formed by representing integers as vertices and by drawing cliques between M vertices every time that M distinct integers...
Persistent link: https://www.econbiz.de/10010588416
We show that a cut-and-paste model to mimic a trial-and-error process of adaptation displays two pairs of percolation and depinning transitions, one for persistence and the other for efficiency. The percolation transition signals the onset of a property and the depinning transition, the growth...
Persistent link: https://www.econbiz.de/10010588589
We have measured the distribution of distances between parked cars in a number of roads in central London. We compare the results with models of random sequential adsorption, or random car parking models, as they are often called. Our empirical results do not agree with these models, and hence...
Persistent link: https://www.econbiz.de/10010588717
Models of auctions or tendering processes are introduced. In every round of bidding the players select their bid from a probability distribution and whenever a bid is unsuccessful, it is discarded and replaced. For simple models, the probability distributions evolve to a stationary power law...
Persistent link: https://www.econbiz.de/10010589530