Thermodynamic limits of macroeconomic or financial models: one- and two-parameter Poisson-Dirichlet models

DOI10.1016/j.jedc.2007.01.021zbMath1181.91222OpenAlexW2145803218MaRDI QIDQ844567

Masanao Aoki

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.01.021

zbMATH Keywords

power lawsthermodynamic limitsMittag-Leffler distributionsnon-self-averaging phenomenaPoisson-Dirichlet distributions

Mathematics Subject Classification ID

Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Statistical thermodynamics (82B30) Heterogeneous agent models (91B69)

Related Items

Innovation, growth and aggregate volatility from a Bayesian nonparametric perspective, Nonparametric Bayesian topic modelling with the hierarchical Pitman-Yor processes, SWITCHING RATES AND THE ASYMPTOTIC BEHAVIOR OF HERDING MODELS, Species Dynamics in the Two-Parameter Poisson-Dirichlet Diffusion Model, Asymptotic results for the two-parameter Poisson-Dirichlet distribution, Generalized Species Sampling Priors With Latent Beta Reinforcements

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• New macroeconomic modeling approaches
• Herding and clustering in economics: The Yule-Zipf-Simon model
• Is the most frequent allele the oldest?
• Scaling the volatility of GDP growth rates
• Brownian motion, bridge excursion, and meander characterized by sampling at independent uniform times
• Large deviation principles for some random combinatorial structures in population genetics and Brownian motion
• A triptych of discrete distributions related to the stable law
• The two-parameter Poisson-Dirichlet distribution derived from a stable subordinator
• From random walks to spin glasses
• Cluster size distributions of economic agents of many types in a market
• Critical phenomena in natural sciences. Chaos, fractals, selforganization and disorder: concepts and tools
• The variance of firm growth rates: The `scaling' puzzle
• On size and growth of business firms
• Disordered systems, power laws and random processes.
• The sampling theory of selectively neutral alleles
• Superpolynomial Growth in the Number of Attractors in Kauffman Networks
• The Representation of Partition Structures
• A Model of Growth Through Creative Destruction
• Arcsine Laws and Interval Partitions Derived from a Stable Subordinator
• A FINITARY CHARACTERIZATION OF THE EWENS SAMPLING FORMULA
• Random discrete distributions invariant under size-biased permutation
• The completely monotonic character of the Mittag-Leffler function 𝐸ₐ(-𝑥)
• Fluctuation Theory of Recurrent Events