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In this paper, we study the dividend strategies for a shareholder with non-constant discount rate in a diffusion risk model. We assume that the dividends can only be paid at a bounded rate and restrict ourselves to the Markov strategies.…

Portfolio Management · Quantitative Finance 2013-11-06 Qian Zhao , Jiaqin Wei , Rongming Wang

The impact of trades on asset prices is a crucial aspect of market dynamics for academics, regulators and practitioners alike. Recently, universal and highly nonlinear master curves were observed for price impacts aggregated on all…

Trading and Market Microstructure · Quantitative Finance 2018-01-17 Felix Patzelt , Jean-Philippe Bouchaud

The distribution of facilities is closely related to our social economic activities. Recent studies have reported a scaling relation between population and facility density with the exponent depending on the type of facility. In this paper,…

Physics and Society · Physics 2012-12-05 J. H. Qian , C. H. Yang , D. D. Han , Y. G. Ma

In this study, we investigate the flow of money among bank accounts possessed by firms in a region by employing an exhaustive list of all the bank transfers in a regional bank in Japan, to clarify how the network of money flow is related to…

General Finance · Quantitative Finance 2020-07-31 Yoshi Fujiwara , Hiroyasu Inoue , Takayuki Yamaguchi , Hideaki Aoyama , Takuma Tanaka

Scale-free power law structure describes complex networks derived from a wide range of real world processes. The extensive literature focuses almost exclusively on networks with power law exponent strictly larger than 2, which can be…

Social and Information Networks · Computer Science 2015-09-29 Harry Crane , Walter Dempsey

We show power-scaling behaviors for fluctuations in share volume, which no other studies have so far done. After analyzing a database of the daily transactions for all securities listed on the Tokyo Stock Exchange, we selected 1050 large…

Statistical Mechanics · Physics 2018-08-07 Taisei Kaizoji , Masahide Nuki

Recent diffraction experiments on metallic glasses have unveiled an unexpected non-cubic scaling law between density and average interatomic distance, which lead to the speculations on the presence of fractal glass order. Using X-ray…

We calculate the diffusion coefficient of an active tracer in a schematic crowded environment, represented as a lattice gas of passive particles with hardcore interactions. Starting from the master equation of the problem, we put forward a…

Statistical Mechanics · Physics 2022-02-02 Pierre Rizkallah , Alessandro Sarracino , Olivier Bénichou , Pierre Illien

Assessing the resilience of the economy requires accounting for its intrinsic multi-layer nature, by assessing for instance how disruptions at the firm level spread through the production network and propagate to the banking sector. Methods…

Physics and Society · Physics 2026-03-11 Soumen Majhi , Anna Mancini , Giulio Cimini

Several models of stock trading [P. Bak et al, Physica A {\bf 246}, 430 (1997)] are analyzed in analogy with one-dimensional, two-species reaction-diffusion-branching processes. Using heuristic and scaling arguments, we show that the…

Statistical Mechanics · Physics 2015-06-25 Lei-Han Tang , Guang-Shan Tian

We investigate the mean electromotive force in the kinematic framework, that is, ignoring the back-reaction of the magnetic field on the fluid velocity, under the assumption of axisymmetric turbulence determined by the presence of either…

Solar and Stellar Astrophysics · Physics 2012-02-23 A. Brandenburg , K. -H. Rädler , K. Kemel

This paper proposes a novel approach for computing the meta distribution of the signal-to-interference-plus-noise ratio (SINR) for the downlink transmission in a wireless network with Rayleigh fading. The novel approach relies on an…

Information Theory · Computer Science 2023-02-08 Yujie Qin , Mustafa A. Kishk , Mohamed-Slim Alouini

We consider the totally asymmetric simple exclusion processes on quenched random energy landscapes. We show that the current and the diffusion coefficient differ from those for homogeneous environments. Using the mean-field approximation,…

Statistical Mechanics · Physics 2023-05-29 Issei Sakai , Takuma Akimoto

We discuss how various models of scale-free complex networks approach their limiting properties when the size N of the network grows. We focus mainly on equilibrated networks and their finite-size degree distributions. Our results show that…

Statistical Mechanics · Physics 2009-11-13 B. Waclaw , L. Bogacz , W. Janke

We consider open multi-class queueing networks with general arrival processes, general processing time sequences and Bernoulli routing. The network is assumed to be operating under an arbitrary work-conserving scheduling policy that makes…

Probability · Mathematics 2021-11-23 Sarat Babu Moka , Yoni Nazarathy , Werner Scheinhardt

In this paper, we analyse the rate of convergence of a system of $N$ interacting particles with mean-field rank based interaction in the drift coefficient and constant diffusion coefficient. We first adapt arguments by Kolli and Shkolnikhov…

Probability · Mathematics 2020-11-13 Oumaima Bencheikh , Benjamin Jourdain

For most networks, the connection between two nodes is the result of their mutual affinity and attachment. In this paper, we propose a mutual selection model to characterize the weighted networks. By introducing a general mechanism of…

Statistical Mechanics · Physics 2009-11-11 Wen-Xu Wang , Bu Hu , Tao Zhou , Bing-Hong Wang , Yan-Bo Xie

We address the hydrodynamics of operator spreading in interacting integrable lattice models. In these models, operators spread through the ballistic propagation of quasiparticles, with an operator front whose velocity is locally set by the…

Statistical Mechanics · Physics 2018-12-26 Sarang Gopalakrishnan , David A. Huse , Vedika Khemani , Romain Vasseur

We introduce the stochastic multiplicative point process modelling trading activity of financial markets. Such a model system exhibits power-law spectral density S(f) ~ 1/f**beta, scaled as power of frequency for various values of beta…

Statistical Mechanics · Physics 2008-12-02 Vygintas Gontis , Bronislovas Kaulakys

A network of $n$ wireless communication links is considered. Fading is assumed to be the dominant factor affecting the strength of the channels between nodes. The objective is to analyze the achievable throughput of the network when power…

Information Theory · Computer Science 2016-11-17 Masoud Ebrahimi , Mohammad Maddah-Ali , Amir Khandani