Employment, Production and Consumption Model: Patterns of Phase Transitions

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21340%2F10%3A00163621" target="_blank" >RIV/68407700:21340/10:00163621 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/61389005:_____/10:00341487

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Employment, Production and Consumption Model: Patterns of Phase Transitions

Popis výsledku v původním jazyce

We have simulated the model of Employment, Production and Consumption (EPC) using Monte Carlo. The EPC model is an agent-based model that mimics very basic rules of industrial economy. From perspective of physics, the nature of the interactions in the EPC model represents multi-agent interactions where the relations among agents follow the key laws for circulation of capital and money. Monte Carlo simulations of the stochastic model reveal phase transition in the model economy. The two phases are the phase with full unemployment and the phase with nearly full employment. The economy switches between these two states suddenly as a reaction to a slight variation in the exogenous parameter, thus the system exhibits strong non-linear behavior as a responseto the change of the exogenous parameters.

Název v anglickém jazyce

Employment, Production and Consumption Model: Patterns of Phase Transitions

Popis výsledku anglicky

We have simulated the model of Employment, Production and Consumption (EPC) using Monte Carlo. The EPC model is an agent-based model that mimics very basic rules of industrial economy. From perspective of physics, the nature of the interactions in the EPC model represents multi-agent interactions where the relations among agents follow the key laws for circulation of capital and money. Monte Carlo simulations of the stochastic model reveal phase transition in the model economy. The two phases are the phase with full unemployment and the phase with nearly full employment. The economy switches between these two states suddenly as a reaction to a slight variation in the exogenous parameter, thus the system exhibits strong non-linear behavior as a responseto the change of the exogenous parameters.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

BE - Teoretická fyzika

OECD FORD obor

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Projekt

<a href="/cs/project/LC06002" target="_blank" >LC06002: Dopplerův ústav pro matematickou fyziku a aplikovanou matematiku</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2010

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Physica A: Statistical Mechanics and Its Applications

ISSN

0378-4371

e-ISSN

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Svazek periodika

389

Číslo periodika v rámci svazku

8

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

13

Strana od-do

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Kód UT WoS článku

000274954200022

EID výsledku v databázi Scopus

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