IDEAS home Printed from https://ideas.repec.org/p/anp/en2005/006.html
   My bibliography  Save this paper

A Cellular Automata Model Of The General Rate Of Profit

Author

Listed:
  • Claudio Castelo Branco Puty

Abstract

We present a simulation exercise of classical free competition in which individual capitals attracted by prospective rates of profit move across industries in their Moore neighborhoods. Capitals, in general, never settle down to a fully equalized general rate of profit position and the most common characteristic of the series of cross sectional average rate of profit is the never ending gravitation around the average rate of profit determined by the number of capitals in the lattice-economy. The statistical properties that emerge from the interaction of our agents resembles stable distributions chracterized by skewness and heavy tails.

Suggested Citation

  • Claudio Castelo Branco Puty, 2005. "A Cellular Automata Model Of The General Rate Of Profit," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 006, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2005:006
    as

    Download full text from publisher

    File URL: http://www.anpec.org.br/encontro2005/artigos/A05A006.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Julio J. Rotemberg & Michael Woodford, 1991. "Markups and the Business Cycle," NBER Chapters, in: NBER Macroeconomics Annual 1991, Volume 6, pages 63-140, National Bureau of Economic Research, Inc.
    2. Godley, Wynne A H & Nordhaus, William D, 1972. "Pricing in the Trade Cycle," Economic Journal, Royal Economic Society, vol. 82(327), pages 853-882, September.
    3. Sen, Amartya, 1973. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198281931.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Puty, Cláudio Alberto Castelo Branco, 2018. "Sectoral mark-ups in U.S. Manufacturing," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 107-125.
    2. Duclos, Jean-Yves, 1998. "Social evaluation functions, economic isolation and the Suits index of progressivity," Journal of Public Economics, Elsevier, vol. 69(1), pages 103-121, July.
    3. Tóth, István György, 2003. "Jövedelemegyenlőtlenségek - tényleg növekszenek, vagy csak úgy látjuk? [Inequalities of income: are they or do they just seem to be increasing?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 209-234.
    4. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2014. "The causal factors of international inequality in co2 emissions per capita: a regression-based inequality decomposition analysis," Working Papers 2014/20, Institut d'Economia de Barcelona (IEB).
    5. Duclos, J.Y., 1995. "Economic Isolation, Inequality, and the Suits Index of Progressivity," Papers 9510, Laval - Recherche en Politique Economique.
    6. Gajdos, Thibault & Maurin, Eric, 2004. "Unequal uncertainties and uncertain inequalities: an axiomatic approach," Journal of Economic Theory, Elsevier, vol. 116(1), pages 93-118, May.
    7. Xiao Fan Liu & Yu-Liang Liu & Xin-Hang Lu & Qi-Xuan Wang & Tong-Xing Wang, 2016. "The Anatomy of the Global Football Player Transfer Network: Club Functionalities versus Network Properties," PLOS ONE, Public Library of Science, vol. 11(6), pages 1-14, June.
    8. Bils, Mark & Chang, Yongsung, 2000. "Understanding how price responds to costs and production," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 52(1), pages 33-77, June.
    9. Yoram Amiel & Frank Cowell & Liema Davidovitz & Avraham Polovin, 2008. "Preference reversals and the analysis of income distributions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(2), pages 305-330, February.
    10. Bleichrodt, Han & Rohde, Kirsten I.M. & Van Ourti, Tom, 2012. "An experimental test of the concentration index," Journal of Health Economics, Elsevier, vol. 31(1), pages 86-98.
    11. Federico Di Pace & Matthias Hertweck, 2019. "Labor Market Frictions, Monetary Policy, and Durable Goods," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 274-304, April.
    12. Louis Kaplow, 2005. "Why measure inequality?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 3(1), pages 65-79, April.
    13. Juan Antonio Duro & Jordi Teixidó-Figueras & Emilio Padilla, 2017. "The Causal Factors of International Inequality in $$\hbox {CO}_{2}$$ CO 2 Emissions Per Capita: A Regression-Based Inequality Decomposition Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 683-700, August.
    14. Bulan, Laarni & Mayer, Christopher & Somerville, C. Tsuriel, 2009. "Irreversible investment, real options, and competition: Evidence from real estate development," Journal of Urban Economics, Elsevier, vol. 65(3), pages 237-251, May.
    15. Vincenzo Atella & Jay Coggins & Federico Perali, 2005. "Aversion to inequality in Italy and its determinants," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 2(2), pages 117-144, January.
    16. Christian Lessmann, 2012. "Regional Inequality and Decentralization: An Empirical Analysis," Environment and Planning A, , vol. 44(6), pages 1363-1388, June.
    17. Abul Naga, Ramses H. & Yalcin, Tarik, 2008. "Inequality measurement for ordered response health data," Journal of Health Economics, Elsevier, vol. 27(6), pages 1614-1625, December.
    18. Martens, Karel & Golub, Aaron & Robinson, Glenn, 2012. "A justice-theoretic approach to the distribution of transportation benefits: Implications for transportation planning practice in the United States," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(4), pages 684-695.
    19. Sampaio, Breno Ramos & Neto, Oswaldo Lima & Sampaio, Yony, 2008. "Efficiency analysis of public transport systems: Lessons for institutional planning," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(3), pages 445-454, March.
    20. Alejandro Corvalan, 2011. "Subsidies for whom? The rule of (G+1)/2," Working Papers 31, Facultad de Economía y Empresa, Universidad Diego Portales.

    More about this item

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anp:en2005:006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rodrigo Zadra Armond (email available below). General contact details of provider: https://edirc.repec.org/data/anpecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.