Showing 1 - 10 of 9,299
In a recent work, we introduced two models for the dynamics of customers trying to find the business that best corresponds to their expectation for the price of a commodity. In agreement with the empirical data, a power-law distribution for the business sizes was obtained, taking the number of...
Persistent link: https://www.econbiz.de/10010874274
We analyze company size distribution for developing countries using the framework proposed by Ramsden and Kiss-Haypál [Physica A 277 (2000) 220]. Although this distribution does not fit developing countries data as good as it does to developed ones, the parameters of the distribution (θ and...
Persistent link: https://www.econbiz.de/10011059431
The so-called Pareto–Levy or power-law distribution has been successfully used as a model to describe probabilities associated to extreme variations of stock markets indexes worldwide. The selection of the threshold parameter from empirical data and consequently, the determination of the...
Persistent link: https://www.econbiz.de/10011060192
Many empirical researches indicate that firm size distributions in different industries or countries exhibit some similar characters. Among them the fact that many firm size distributions obey power-law especially for the upper end has been mostly discussed. Here we present an agent-based model...
Persistent link: https://www.econbiz.de/10010590996
Persistent link: https://www.econbiz.de/10011739901
Persistent link: https://www.econbiz.de/10005537701
Punctuated Equilibrium (PE) states that after long periods of evolutionary quiescence, species evolution can take place in short time intervals, where sudden differentiation makes new species emerge and some species extinct. In this paper, we introduce and study the effect of punctuated...
Persistent link: https://www.econbiz.de/10011077868
We study a model of wealth dynamics (Physica A 282 (2000) 536) which mimics transactions among economic agents. The outcomes of the model are shown to depend strongly on the topological properties of the underlying transaction network. The extreme cases of a fully connected and a fully...
Persistent link: https://www.econbiz.de/10010871550
This study uses survey data from India to examine the top percentile of the wealth distribution in India. Using nationally representative samples from two years, 1991 and 2002, a power law tail is found with a Pareto exponent ranging between 1.8 and 2.4. The tail is examined for three specific...
Persistent link: https://www.econbiz.de/10010871959
The higher-end tail of the wealth distribution in India is studied using recently published lists of the wealth of richest Indians between the years 2002–2004. The resulting rank distribution seems to imply a power-law tail for the wealth distribution, with a Pareto exponent between 0.81 and...
Persistent link: https://www.econbiz.de/10010872585