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This paper studies the statistical properties of the web of import-export relationships among world countries using a weighted-network approach. We analyze how the distributions of the most important network statistics measuring connectivity, assortativity, clustering and centrality have...
Persistent link: https://www.econbiz.de/10005518722
tatistical equilibrium denotes the distribution of wealth that can be achieved in the largest number of ways while satisfying a first moment constraint on the rate of growth in wealth portfolios. Maximizing entropy subject to a logarithmic constraint yields a power law distribution whose...
Persistent link: https://www.econbiz.de/10005481694
The last 10 years witnessed an exponential growth of the Internet. According to Hobbes' Internet Timeline, the Internet hosts are about 93 million, while in 1989 they were 100,000. The same happens for second level domain names. In July 1989 the registered domains were about 3,900 while they...
Persistent link: https://www.econbiz.de/10005650070
fluctuations in electricity markets are additive in nature. We do this by exploiting a scaling relationship between price level and …
Persistent link: https://www.econbiz.de/10005518710
) and 1.5; (ii) the volatility of growth rates is decreasing with respect to size, with a scaling exponent varying over time …, but always between -0.20 and -0.10. Preliminary analyses on more homogeneous groups cast doubts on the evidence of scaling …
Persistent link: https://www.econbiz.de/10005650052
/P scaling). In the second part of the paper, it is shown that a linear supply function with stochastic intercept and … constant slope suffices to explain the 1/P scaling. Furthermore, this model allows to decompose price fluctuations in an …
Persistent link: https://www.econbiz.de/10005292633