Spruce budworm and oil price: a biophysical analogy

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Tác giả: Luciano Celi, Claudio Della Volpe, Luca Pardi, Stefano Siboni

Ngôn ngữ: eng

Ký hiệu phân loại: 333.95 Biological resources

Thông tin xuất bản: 2020

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Bộ sưu tập: Metadata

ID: 164333

 Comment: Presented to the ISBPE (International Society for Biophysical Economics) Conference in 2018: "Developing Economics for a resource-constrained world". Wells College, Aurora, NY, USA, June, 13th-17thThe behavior of complex systems is one of the most intriguing phenomena investigated by recent science
  natural and artificial systems offer a wide opportunity for this kind of analysis. The energy conversion is both a process based on important physical laws and one of the most important economic sectors
  the interaction between these two aspects of energy production suggests the possibility to apply some of the approaches of the dynamic systems' analysis. In particular, a phase plot, which is one of the methods to detect a correlation between quantities in a complex system, provides a good way to establish qualitative analogies between the ecological systems and the economic ones and may shed light on the processes governing the evolution of the system. The aim of this paper is to highlight the analogies between some peculiar characteristics of the oil production vs. price and show in which way such characteristics are similar to some behavioral mechanisms found in Nature.
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