Application effective medium approximation approach for economic researching

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.

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Year of publication:	2003
Authors:	Semenenko, Marina G.
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 329.2003, 1, p. 264-272
Publisher:	Elsevier
Subject:	Reaction \| Diffusion \| EMA \| Utility \| Money

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011058720