The method of constructing the local scale invariant stochastic models is proposed. The possible extension of minimal scale-invariant interaction principle for stochastic systems is formulated. A simple scale invariant model that possesses an economical interpretation is considered. Essential characteristics of its self-organization mechanisms are discussed.

Original languageEnglish
Pages (from-to)311-318
Number of pages8
JournalPhysica A: Statistical Mechanics and its Applications
Volume299
Issue number1-2
DOIs
StatePublished - 1 Oct 2001
EventApplication of Physics in Economic Modelling (NATO ARW) - Prague, Czech Republic
Duration: 8 Feb 200110 Feb 2001

    Scopus subject areas

  • Mathematical Physics
  • Statistical and Nonlinear Physics

ID: 41387302