Growth and Allocation of Resources in Economics: The Agent-Based Approach
arXiv:physics/0608221 · doi:10.1016/j.physa.2006.04.038
Abstract
Some agent-based models for growth and allocation of resources are described. The first class considered consists of conservative models, where the number of agents and the size of resources are constant during time evolution. The second class is made up of multiplicative noise models and some of their extensions to continuous-time.
8 pages. Paper presented at the Econophysics Colloquium, Canberra, Australia, November 2005. Physica A in press