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Power-law distribution in budget changes: macroscopic and microscopic modeling strategies

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CONTRIBUTORS:
  Author Borgulya, Gábor (b. 1975, d. ----)
  Supervisor Érdi, Péter
INSTITUTION ID:
  Center for Complex Systems Studies  (Kalamazoo, Michigan, USA)
SERIES:
  Henry R. Luce Lectures on Complex Systems
YEAR: 2008
PUB TYPE: Report
REPORT NUMBER: None
PAGES:
SUBJECT(S): None
DISCIPLINE: No discipline assigned
HTTP: http://www.webcitation.org/5Y4DqB55H
LANGUAGE: English
PUB ID: 103-442-853 (Last edited on 2008/05/24 18:37:26 GMT-6)
SPONSOR(S):
 
ABSTRACT:
Political scientists have observed that annual budget changes follow long-tail distributions, detailed analyses suggest power-law distributions. We have overviewed the possible macroscopic and microscopic mechanisms, which may generate exact or approximate power-law distributions and suggest a generic macroscopic model and modelling framework.
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