Boom and bust in continuous time evolving economic model
نویسندگان
چکیده
منابع مشابه
Boom and bust in continuous time evolving economic model
We show that a simple model of a spatially resolved evolving economic system, which has a steady state under simultaneous updating, shows stable oscillations in price when updated asynchronously. The oscillations arise from a gradual decline of the mean price due to competition among sellers competing for the same resource. This lowers profitability and hence population but is followed by a sha...
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ژورنال
عنوان ژورنال: The European Physical Journal B
سال: 2009
ISSN: 1434-6028,1434-6036
DOI: 10.1140/epjb/e2009-00243-y