34 citations · 78 across the 4 of their papers we have counts for
4 papers
Relationship Between the Uncompensated Price-Elasticity and the Income-Elasticity of Demand Under Conditions of Additive Preferences
Lorenzo Sabatelli
Income- and price-elasticity of demand quantify the responsiveness of markets to changes in income, and in prices, respectively. Under the assumptions of utility maximization and p…
Langevin processes, agent models and socio-economic systems
Peter Richmond, Lorenzo Sabatelli
We review some approaches to the understanding of fluctuations in some models used to describe socio and economic systems. Our approach builds on the development of a simple Langev…
Non-monotonic spontaneous magnetization in a Sznajd-like Consensus Model
Lorenzo Sabatelli, Peter Richmond
Ising or Potts models of ferromagnetism have been widely used to describe locally interacting social or economic systems. We consider a related model, introduced by Sznajd to descr…
Phase transitions, memory and frustration in a Sznajd-like model with synchronous updating
Lorenzo Sabatelli, Peter Richmond
We introduce a consensus model inspired by the Sznajd Model. The updating is synchronous and memory plays here a decisive role in making possible the reaching of total consensus. W…