Economy/Finance I

Inequality is an important and seemingly inevitable aspect of the human society.  Various manifestations of inequality can be derived from the concept of entropy in statistical physics.  In a stylized model of monetary economy, with a constrained money supply implicitly reflecting constrained resources, the probability distribution of money among the agents converges to the exponential Boltzmann-Gibbs law due to entropy maximization.  Our empirical data analysis shows that income distributio

It was shown for variables across different complex systems that their fluctuation functions calculated with detrending methods of scaling analysis are rarely, as in theory, ideal linear functions on log-log graphs of scale dependence. Instead, they frequently exhibit existence of transient crossovers in behavior, signs of trends that arise as effects of periodic or aperiodic cycles (Hu et al., 2001).

In this work, we present a Monte Carlo simulational model of technological growth and innovation diffusion under the influence of government intervention. Our goal is to show how company markets behave under varying intensity and effectiveness of state intervention. We also aim to specify conditions in which government intervention increases economic growth. Using the Monte Carlo method, we performed vast simulations of interacting and competing companies in a market, under a varying degree of outside intervention.