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Phys. Rev. E 74, 035103(R) (2006) [4 pages]

Preferential attachment and growth dynamics in complex systems

Kazuko Yamasaki,1,2 Kaushik Matia,1 Sergey V. Buldyrev,3 Dongfeng Fu,1 Fabio Pammolli,4,5 Massimo Riccaboni,4,5 and H. Eugene Stanley1
1Center for Polymer Studies and Department of Physics, Boston University, Boston, Massachusetts 02215, USA
2Tokyo University of Information Sciences, Chiba City 265-8501, Japan
3Department of Physics, Yeshiva University, 500 West 185th Street, New York, New York 10033, USA
4Faculty of Economics, University of Florence, 50127 Florence, Italy
5IMT Institute for Advanced Studies, Via S. Micheletto 3, 55100 Lucca, Italy

Rapid Received 26 June 2004; revised 6 February 2006; published 21 September 2006

Complex systems can be characterized by classes of equivalency of their elements defined according to system specific rules. We propose a generalized preferential attachment model to describe the class size distribution. The model postulates preferential growth of the existing classes and the steady influx of new classes. According to the model, the distribution changes from a pure exponential form for zero influx of new classes to a power law with an exponential cut-off form when the influx of new classes is substantial. Predictions of the model are tested through the analysis of a unique industrial database, which covers both elementary units (products) and classes (markets, firms) in a given industry (pharmaceuticals), covering the entire size distribution. The model's predictions are in good agreement with the data. The paper sheds light on the emergence of the exponent tau[approximate]2 observed as a universal feature of many biological, social and economic problems.

©2006 The American Physical Society

URL: http://link.aps.org/doi/10.1103/PhysRevE.74.035103
DOI: 10.1103/PhysRevE.74.035103
PACS: 89.75.Fb; 05.70.Ln; 89.75.Da; 89.65.Gh
  • 89.75.Fb
    Structures and organization in complex systems
  • 05.70.Ln
    Nonequilibrium and irreversible thermodynamics
  • 89.75.Da
    Systems obeying scaling laws
  • 89.65.Gh
    Economics; econophysics, financial markets, business and management
  • YEAR: 2006
KEYWORDS: socio-economic effects, econophysics

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