Visualization of microstructures of economic flows and adaptive control

Yoshitake Yamazaki, Zhong-can Ou-Yang, Herbert Gleiter, Kunquan Lu, Dianhong Shen and Xing Zhu
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Yoshitake Yamazaki: Institute of Theoretical Physics (CAS)
Zhong-can Ou-Yang: Institute of Theoretical Physics (CAS)
Herbert Gleiter: Institut fuer Nanotechnologie (FZK)
Kunquan Lu: Institute of Physics (CAS)
Dianhong Shen: Institute of Physics (CAS)
Xing Zhu: Peking University

A chapter in Practical Fruits of Econophysics, 2006, pp 386-390 from Springer

Abstract: Summary Economic flows are modeled based on the microscopic particle pictures, and studied by renormalized stochastic dynamics and simulations. From the universal behavior obtained, every catastrophic behavior of the flows may be understood, as well as which sub-system is concerned and how to avoid it by suitable control measures.

Keywords: economic flows; economic catastrophe; microstructures and control (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-4-431-28915-9_71

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DOI: 10.1007/4-431-28915-1_71

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