A Model of Coupled-Maps for Economic Dynamics

J. R. Sanchez and R. Lopez-Ruiz

Papers from arXiv.org

Abstract: An array system of coupled maps is proposed as a model for economy evolution. The local dynamics of each map or agent is controlled by two parameters. One of them represents the growth capacity of the agent and the other one is a control term representing the local environmental pressure which avoids an exponential growth. The asymptotic state of the system evolution displays a complex behavior. The distribution of the maps values in this final regime is of power law type. In the model, inequality emerges as a result of the dynamical processes taking place in the microscopic scales.

Date: 2005-07
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://arxiv.org/pdf/nlin/0507054 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:nlin/0507054

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().