Applications of small-world networks to some socio-economic systems

A.S. Elgazzar

Physica A: Statistical Mechanics and its Applications, 2003, vol. 324, issue 1, 402-407

Abstract: Small-world networks (SWN) are found to be closer to the real social systems than both regular and random lattices. Then, a model for the evolution of economic systems is generalized to SWN. The Sznajd model for the two-state opinion formation problem is applied to SWN. Then a simple definition of leaders is included. These models explain some socio-economic aspects.

Keywords: Small-world networks; Evolutionary economic models; Opinion formation models (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:324:y:2003:i:1:p:402-407

DOI: 10.1016/S0378-4371(02)01956-8

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