FLUCTUATIONS IN A DECENTRALIZED AGENT-RESOURCE SYSTEM

Authors
ADJALI I GELL M LUNN T
Citation
I. Adjali et al., FLUCTUATIONS IN A DECENTRALIZED AGENT-RESOURCE SYSTEM, Physical review. E, Statistical physics, plasmas, fluids, and related interdisciplinary topics, 49(5), 1994, pp. 3833-3842
Citations number
19
Categorie Soggetti
Physycs, Mathematical","Phsycs, Fluid & Plasmas
Journal title
Physical review. E, Statistical physics, plasmas, fluids, and related interdisciplinary topics → ACNP
ISSN journal
1063651X
Volume
49
Issue
5
Year of publication
1994
Part
A
Pages
3833 - 3842
Database
ISI
SICI code
1063-651X(1994)49:5<3833:FIADAS>2.0.ZU;2-W
Abstract
In this paper, a general formulation for a model of market-based agent -resource systems is proposed, building on the computational ecosystem model of Huberman and Hogg [in The Ecology of Computation, edited by B. A. Huberman (North-Holland, Amsterdam, 1988)]. Our approach, based on one-step Markov processes and Van Kampen's large-system-size expans ion, allows the effects of fluctuations to be explored, particularly i n finite systems where stochastic processes assume increasing importan ce.