A statistical equilibrium model of competitive firms

DOI10.1016/j.jedc.2011.07.002zbMath1241.91070OpenAlexW2130669742MaRDI QIDQ428028

Jonas Kauschke, Mishael Milaković, Albrecht Irle, Simone Alfarano

Publication date: 18 June 2012

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10234/48587

zbMATH Keywords

stochastic differential equationdiffusion processmaximum entropy principleLaplace distributionexponential power distributionreturn on assetsprofit ratestatistical equilibriumsubbotin distribution

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Applications of stochastic analysis (to PDEs, etc.) (60H30) General equilibrium theory (91B50)

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Cites Work

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• A statistical equilibrium theory of markets
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• The Granular Origins of Aggregate Fluctuations
• ON A CLASS OF SKEW DISTRIBUTION FUNCTIONS
• On the Gibrat Distribution
• Persistence of profitability and competition in emerging markets

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