A model for the evolution of economic systems in social networks

被引:7
作者
Elgazzar, AS
机构
[1] Max Planck Inst Phys Komplexer Syst, D-01187 Dresden, Germany
[2] Fac Educ, Dept Math, Al Arish 45111, Egypt
关键词
evolutionary economic models; social networks; Pareto optimality;
D O I
10.1016/S0378-4371(01)00507-6
中图分类号
O4 [物理学];
学科分类号
0702 ;
摘要
A model for the evolution of economic systems is defined on a one-dimensional lattice using Pareto optimality. Pareto optimality is shown to maximize the total payoff of all agents in comparison to the Nash optimality. The small-world networks are found to be closer to the real social systems than both regular and random lattices. Then, the model is generalized to small-world networks that display different dynamics from the one-dimensional case. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:543 / 551
页数:9
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