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Persistent link: https://ebvufind01.dmz1.zbw.eu/10005184353
We construct a theoretical model for equilibrium distribution of workers across sectors with different labor productivity, assuming that a sector can accommodate a limited number of workers which depends only on its productivity. A general formula for such distribution of productivity is...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011241398
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Persistent link: https://ebvufind01.dmz1.zbw.eu/10008775834
We show that an economic system populated by multiple agents generates an equilibrium distribution in the form of multiple scaling laws of conditional probability density functions, which are sufficient for characterizing the probability distribution. The existence of the double scaling law is...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011241401
<Para ID="Par1">In place of the standard search equilibrium, this paper presents an alternative concept of stochastic macro-equilibrium based on the principle of statistical physics. This concept of equilibrium is motivated by unspecifiable differences of economic agents and the presence of all kinds of micro...</para>
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011241404
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Persistent link: https://ebvufind01.dmz1.zbw.eu/10010848373
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