Article ID Journal Published Year Pages File Type
10481505 Physica A: Statistical Mechanics and its Applications 2012 6 Pages PDF
Abstract
► This work is on a simple model based on Schumpeterian Economic Dynamics. ► The time series from computer simulation shows punctuated equilibrium. ► We introduce the concept of feedback in this model. ► Power law emerges in waiting time distribution and the dynamics behaves as an SOC type.
Related Topics
Physical Sciences and Engineering Mathematics Mathematical Physics
Authors
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