59 citations · 67 across the 4 of their papers we have counts for
4 papers
Stability analysis of a model for the market dynamics of a smart grid
F. Sorrentino, D. Tolic, R. Fierro +2
We consider the dynamics of a smart grid system characterized by widespread distributed generation and storage devices. We assume that agents are free to trade electric energy over…
An out-of-equilibrium model of the distributions of wealth
Nicola Scafetta, Sergio Picozzi, Bruce J. West
The distribution of wealth among the members of a society is herein assumed to result from two fundamental mechanisms, trade and investment. An empirical distribution of wealth sho…
A Trade-Investment Model for Distribution of Wealth
Nicola Scafetta, Bruce J. West, Sergio Picozzi
Econophysics provides a strategy for understanding the potential mechanisms underlying the anomalous distribution of wealth found in real societies. We present a computational nonl…
Pareto's law: a model of human sharing and creativity
Nicola Scafetta, Sergio Picozzi, Bruce J. West
A computational model for the distribution of wealth among the members of an ideal society is presented. It is determined that a realistic distribution of wealth depends upon two m…