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Maximum entropy predictions are made for the Kirman ant model as well as the Abrams-Strogatz model of language competition, also known as the voter model. In both cases the maximum entropy methodology provides good predictions of the limiting distribution of states, as was already the case for...
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New Economic Geography presents increasing returns to agglomeration as the central explanation behind the concentration of economic activity. Within this framework, returns to scale are caused by a preference for variety in consumption which is better satisfied by agglomeration. The estimation...
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