We introduce a stochastic heterogeneous interacting-agent model for the short-time non-equilibrium evolution of excess demand and price in a stylized asset market. We consider a combination of social interaction within ...

The aim of this work is to establish an interesting connection between the behavior of economic agents and the long memory features that generally occur in a wide set of time series found in economic/financial problems. ...

We analyze the stability properties of equilibrium solutions and periodicity of orbits in a two-dimensional dynamical system whose orbits mimic the evolution of the price of an asset and the excess demand for that asset. ...

Este trabajo revisa algunos aspectos teóricos y prácticos de la modelización basada en agentes (MBA) y los sistemas de modelización basada en agentes (SMA) aplicados a la economía; un campo aún poco explorado en la literatura ...

We study the dynamics of opinion formation in a heterogeneous voter model on a complete graph, in which each agent is endowed with an integer fitness parameter k ≥ 0 , in addition to its + or − opinion state. The evolution ...

Multi-agent systems (MAS) involve a wide variety of agents that interact with each other to achieve their goals. Usually each agent has a particular internal architecture defining its main structure that gives support to ...

We study analytically a variant of the one-dimensional majority-vote model in which the individual retains its opinion in case there is a tie among the neighbors' opinions. The individuals are fixed at the sites of a ring ...

Land exchange through rental transactions is a central process in agricultural systems. The land tenure regimes emerge from land transactions and structural and land use changes are tied to the dynamics of the land market. ...

Starting from the idea that economic systems fall into complexity theory, where its many agents interact with each other without a central control and that these interactions are able to change the future behavior of the ...