This paper presents a model of the dconomy with many sectors which face demand (quantity) constraints. Depending on the sign of the sectoral excess demand, the size of each sector either increases or decreases stochastically. We assume that reallocation of resources is not instantaneous, and,...

This paper discusses non-exponential growth patterns of macroeconomic models. More specifically, the paper discusses asymptotic growth patterns of the numbers of clusters and of components of partition vectors, that is, the number of clusters of specific sizes, of one-andtwo-parameter...

This paper discusses a symptotic behavior of one-and two-parameter Poisson-Dirichlet models, that is, Ewens models and its two parameter extensions by Pitman, and show that their a symptotic behavior arevery different. The paper shows asymptotic properties of a class of one-and two-parameter...