Application effective medium approximation approach for economic researching

Marina G. Semenenko

Physica A: Statistical Mechanics and its Applications, 2003, vol. 329, issue 1, 264-272

Abstract: We present a model for analysis of economical processes using effective medium approximation. This theory was developed earlier for the investigation of “diffusion–reaction” processes in porous media. The idea is illustrated by the Bethe network model of monopolistic vendors and buyers. The case is investigated when some fraction of bonds is blocked and its influence on economical parameters is studied.

Keywords: Reaction; Diffusion; EMA; Utility; Money (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:329:y:2003:i:1:p:264-272

DOI: 10.1016/S0378-4371(03)00606-X

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