A new approach to business fluctuations: heterogeneous interacting agents, scaling laws and financial fragility

Author:

Gatti Domenico Delli,Guilmi Corrado Di,Gaffeo Edoardo,Giulioni Gianfranco,Gallegati Mauro,Palestrini Antonio

Publisher

Elsevier BV

Subject

Organizational Behavior and Human Resource Management,Economics and Econometrics

Reference64 articles.

1. Scaling behavior in Economics: I. Empirical results for company growth;Amaral;Journal de Physique,1997

2. Power law scaling for a system of interacting units with complex internal structure;Amaral;Physical Review Letters,1998

3. New Approaches to Macroeconomic Modeling;Aoki,1996

4. Social Choice and Individual Values;Arrow,1951

5. Axtell, R., 1999. The emergence of firms in a population of agents: local increasing returns, unstable Nash equilibria, and power law size distributions. CSED working paper no. 3.

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