Applications of small-world networks to some socio-economic systems

Small-world networks (SWN) are found to be closer to the real social systems than both regular and random lattices. Then, a model for the evolution of economic systems is generalized to SWN. The Sznajd model for the two-state opinion formation problem is applied to SWN. Then a simple definition of leaders is included. These models explain some socio-economic aspects.

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Year of publication:	2003
Authors:	Elgazzar, A.S.
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 324.2003, 1, p. 402-407
Publisher:	Elsevier
Subject:	Small-world networks \| Evolutionary economic models \| Opinion formation models

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

Persistent link: https://www.econbiz.de/10010591433