English, Article edition: SCALING LAWS IN THE MACROECONOMY D. DELLI GATTI; C. DI GUILMI; M. GALLEGATI; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • SCALING LAWS IN THE MACROECONOMY
Author
  • D. DELLI GATTI
  • C. DI GUILMI
  • M. GALLEGATI
  • E. GAFFEO
  • G. GIULIONI
  • A. PALESTRINI
Physical Description
  • article
Notes
  • The practice of detecting power laws and scaling behaviors in economics and finance has gained momentum in the last few years, due to the increased use of concepts and methods first developed in statistical physics. Some disappointment has emerged in the economic profession, however, as regards the models proposed so far to theoretically explain these phenomena. In this paper we aim to address this criticism, showing that scaling behaviors can naturally emerge in a multiagent system with optimizing interacting units characterized by financial fragility.
  • Scaling laws, business fluctuations, agent-based models
  • RePEc:wsi:acsxxx:v:11:y:2008:i:01:p:131-138
Language
  • English
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