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Kinetic models for socio-economic dynamics of speculative markets
kinetic models opinion formation stock market power laws behavioral finance
2010/12/16
In this paper we introduce a simple model for a financial market characterized by a sin-
gle stock or good and an interplay between two different traders populations, chartists and
fundamentalists, ...
The Problem of Modeling of Economic Dynamics (new version)
Economic Dynamics exponential growth
2010/4/27
The correctness of Harrods model in the differential form is studied. The inadequacy of exponential growth of economy is shown; an alternative result is obtained. By example of Phillips model, an appr...