Evolution of economic entities under heterogeneous political/environmental conditions within a Bak–Sneppen-like dynamics

Marcel Ausloos, Paulette Clippe and Andrzej Pȩkalski

Physica A: Statistical Mechanics and its Applications, 2004, vol. 332, issue C, 394-402

Abstract: A model for economic behavior, under heterogeneous spatial economic conditions is developed. The role of selection pressure in a Bak–Sneppen-like dynamics with entity diffusion on a lattice is studied by Monte-Carlo simulation taking into account business rule(s), like enterprise–enterprise short range location “interaction”(s), business plan(s) through spin-offs or merging and enterprise survival evolution law(s). It is numerically found that the model leads to a sort of phase transition for the fitness gap as a function of the selection pressure, at a “critical selection pressure”.

Keywords: Econophysics; Evolution; External field; Selection pressure; Diffusion process; Bak–Sneppen model; Monte Carlo (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:332:y:2004:i:c:p:394-402

DOI: 10.1016/j.physa.2003.10.004

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