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Self-organization in a model of economic system with scale invariant interactions

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  • Pis‘mak, Yu.M.

Abstract

The method of constructing the local scale invariant stochastic models is proposed. The possible extension of minimal scale-invariant interaction principle for stochastic systems is formulated. A simple scale invariant model that possesses an economical interpretation is considered. Essential characteristics of its self-organization mechanisms are discussed.

Suggested Citation

  • Pis‘mak, Yu.M., 2001. "Self-organization in a model of economic system with scale invariant interactions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 299(1), pages 311-318.
    • Handle: RePEc:eee:phsmap:v:299:y:2001:i:1:p:311-318
    DOI: 10.1016/S0378-4371(01)00311-9
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    References listed on IDEAS

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    1. Kirill Ilinski, 1997. "Physics of Finance," Papers hep-th/9710148, arXiv.org.
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