Cluster size distributions of economic agents of many types in a market

DOI10.1006/JMAA.2000.6935MaRDI QIDQ1584627zbMATH OpenOpenAlexFDO

Authors Masanao Aoki

Publication date 14 August 2001

Published in Journal of Mathematical Analysis and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jmaa.2000.6935

zbMATH Keywords

clusteringEwens distributionjump Markov processpartition vector

Mathematics Subject Classification ID

Clustering in the social and behavioral sciences (91C20)

Review text

In the paper, Ewens' and a few other distributions are considered as candidates for cluster size distributions of a large number of exchangeable economic agents interacting in a market. A partition vector is used as a state vector. The process of an agent's choice patterns is modelled as a discrete-state continuous time Markov process (called also jump Markov process).

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