Self-organization in a model of economic system with scale invariant interactions

Pis‘mak, Yu.M.

Physica A: Statistical Mechanics and its Applications, 2001, vol. 299, issue 1, 311-318

Abstract: The method of constructing the local scale invariant stochastic models is proposed. The possible extension of minimal scale-invariant interaction principle for stochastic systems is formulated. A simple scale invariant model that possesses an economical interpretation is considered. Essential characteristics of its self-organization mechanisms are discussed.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:299:y:2001:i:1:p:311-318

DOI: 10.1016/S0378-4371(01)00311-9

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