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Applications of small-world networks to some socio-economic systems

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  • Elgazzar, A.S.

Abstract

Small-world networks (SWN) are found to be closer to the real social systems than both regular and random lattices. Then, a model for the evolution of economic systems is generalized to SWN. The Sznajd model for the two-state opinion formation problem is applied to SWN. Then a simple definition of leaders is included. These models explain some socio-economic aspects.

Suggested Citation

  • Elgazzar, A.S., 2003. "Applications of small-world networks to some socio-economic systems," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 402-407.
    • Handle: RePEc:eee:phsmap:v:324:y:2003:i:1:p:402-407
    DOI: 10.1016/S0378-4371(02)01956-8
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    Cited by:

    1. Sznajd-Weron, Katarzyna & Sznajd, Józef & Weron, Tomasz, 2021. "A review on the Sznajd model — 20 years after," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 565(C).
    2. Yao, Jianyu & Xiao, Peng & Zhang, Yunhuai & Zhan, Min & Cheng, Jiangwei, 2011. "A mathematical model of algal blooms based on the characteristics of complex networks theory," Ecological Modelling, Elsevier, vol. 222(20), pages 3727-3733.
    3. Guzmán-Vargas, L. & Hernández-Pérez, R., 2006. "Small-world topology and memory effects on decision time in opinion dynamics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 372(2), pages 326-332.
    4. Yan Wan & Baojun Ma & Yu Pan, 2018. "Opinion evolution of online consumer reviews in the e-commerce environment," Electronic Commerce Research, Springer, vol. 18(2), pages 291-311, June.
    5. Xiangyun Gao & Haizhong An & Weiqiong Zhong, 2013. "Features of the Correlation Structure of Price Indices," PLOS ONE, Public Library of Science, vol. 8(4), pages 1-9, April.

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