204 citations · 887 across the 25 of their papers we have counts for
26 papers
Inflation as an emergent phenomenon
Alessio Emanuele Biondo, Mauro Gallegati
We develop an agent-based model in which inflation emerges from decentralized price-setting and credit-financed production in an endogenous-money economy. Firms operate under worki…
Hysteresis of economic networks in an XY model
Ali Hosseiny, Mohammadreza Absalan, Mohammad Sherafati +1
Many-body systems can have multiple equilibria. Though the energy of equilibria might be the same, still systems may resist to switch from an unfavored equilibrium to a favored one…
-generalized models of income and wealth distributions: A survey
F. Clementi, M. Gallegati, G. Kaniadakis +1
The paper provides a survey of results related to the "-generalized distribution", a statistical model for the size distribution of income and wealth. Topics include, among othe…
New economic windows on income and wealth: The k-generalized family of distributions
F. Clementi, M. Gallegati
Over the last decades, the distribution of income and wealth has been deteriorating in many countries, leading to increased inequalities within and between societies. This tendency…
Role of Intensive and Extensive Variables in a Soup of Firms in Economy to Address Long Run Prices and Aggregate Data
Ali Hosseiny, Mauro Gallegati
We review the production function and the hypothesis of equilibrium in the neoclassical framework. We notify that in a soup of sectors in economy, while capital and labor resemble…
Metastable Features of Economic Networks and Responses to Exogenous Shocks
Ali Hosseiny, Mohammad Bahrami, Antonio Palestrini +1
It has been proved that network structure plays an important role in addressing a collective behaviour. In this paper we consider a network of firms and corporations and study its…