Unhedgeable shocks and statistical economic equilibrium

DOI10.1007/s00199-011-0663-1zbMath1282.91255OpenAlexW1968321179MaRDI QIDQ1941982

Yanyan Li

Publication date: 25 March 2013

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-011-0663-1

zbMATH Keywords

economic equilibriumWalrasian competitive equilibriumincome and wealth distributionstatistical economic equilibrium

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Sums of independent random variables; random walks (60G50) Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54) Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70)

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The dynamics of Pareto distributed wealth in a small open economy, An entropic framework for modeling economies

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