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We present and analyze a model for the evolution of the wealth distribution within a heterogeneous economic environment. The model considers a system of rational agents interacting in a game theoretical framework, through fairly general assumptions on the cost function. This evolution drives the...
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We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework. This evolution drives the dynamic of the agents in both...
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We present a general framework for modelling the dynamics of limit order books, built on the combination of two modelling ingredients: the order flow, modelled as a general spatial point process, and market clearing, modelled via a deterministic ‘mass transport’ operator acting on...
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Online rating can directly reflect users’ collective behavioral patterns which is of great concern in online social systems. In this paper, we investigate the correlations between the users’ rating behaviors and the real-time updated average ratings of objects given from other users’...
Persistent link: https://www.econbiz.de/10011077867
As knowledge constitutes a primary productive force, it is important to understand the performance of knowledge diffusion. In this paper, we present a knowledge diffusion model based on the local-world non-uniform hypernetwork, which introduces the preferential diffusion mechanism and the...
Persistent link: https://www.econbiz.de/10011117902