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The coevolution of individual economic characteristics and socioeconomic networks |
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| Authors: | Dietrich Stauffer Martin Hohnisch Sabine Pittnauer |
| Affiliation: | aInstitute for Theoretical Physics, Cologne University, D-50923 Köln, Euroland bHildenbrand Research Group and Experimental Economics Laboratory, Department of Economics, University of Bonn, Adenauerallee 24-42 D-53113 Bonn, Germany |
| Abstract: | The dynamics of individual characteristics of economic agents is modeled with the link structure influenced by this dynamics: links between agents with similar characteristics are more stable than those between agents with vastly different characteristics. A simple scaling law describes the number of distinct surviving characteristic realizations as a function of the number of agents and the number of possible distinct characteristics realizations. With the chosen specification, the investigated properties do not essentially differ from those found for analogous sociophysics models with a fixed network structure. |
| Keywords: | Social dynamics Social networks Coevolution |
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