Econophysics and companies : statistical life and death in complex business networks / Hideaki Aoyama [and four others].

Format:

Book

Author/Creator:

Aoyama, Hideaki, 1954- author.

Language:

English

Subjects (All):

Economics--Methodology.

Economics.

Statistical physics.

Physical Description:

1 online resource (xxvi, 234 pages) : digital, PDF file(s).

Other Title:

Econophysics & Companies

Place of Publication:

Cambridge : Cambridge University Press, 2010.

Language Note:

English

Summary:

Econophysics is an emerging interdisciplinary field that takes advantage of the concepts and methods of statistical physics to analyse economic phenomena. This book expands the explanatory scope of econophysics to the real economy by using methods from statistical physics to analyse the success and failure of companies. Using large data sets of companies and income-earners in Japan and Europe, a distinguished team of researchers show how these methods allow us to analyse companies, from huge corporations to small firms, as heterogeneous agents interacting at multiple layers of complex networks. They then show how successful this approach is in explaining a wide range of recent findings relating to the dynamics of companies. With mathematics kept to a minimum, the book is not only a lively introduction to the field of econophysics but also provides fresh insights into company behaviour.

Contents:

1. New insights

2. Size distribution

3. Company growth as fluctuations

4. Complex business networks

5. An agent-based model for companies

6. Perspectives for practical applications.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references.

ISBN:

1-107-20416-X

1-107-71285-8

1-282-72356-1

9786612723568

0-511-78879-7

0-511-78692-1

0-511-78952-1

0-511-78578-X

0-511-76115-5

0-511-78806-1

OCLC:

651601008