Clustering has often described by Ewens Sampling Formula (ESF). Focusing the attention on the evergreen problem of the size of firms, we discuss the compatibility of empirical data and ESF. In order to obtain a power law for all sizes in the present paper we shall explore the route inspired by...

The clustering of agents in the market is a typical problem dealt with in recent approaches to macroeconomic modeling, describing macroscopic variables in terms of the behavior of a large collection of microeconomic entities. Clustering is subject to many economic interpretations, often...

Simple stochastic exchange games are based on random allocation of finite resources. These games are Markov chains that can be studied either analytically or by Monte Carlo simulations. In particular, the equilibrium distribution can be derived either by direct diagonalization of the transition...

This erratum corrects a mistake in reference [E. Scalas, U. Garibaldi, S. Donadio, Eur. Phys. J. B <Emphasis Type="Bold">53, 267 (2006)]. In that paper, we needed an aperiodic version of the BDY game, but, in formula (1), we incorrectly presented a periodic transition matrix of period 2 in the special case of g=2...</emphasis>

To pass from a deterministic dynamics of aggregate quantities to a probabilistic dynamics of a system of microvariables that describe the individual strategies of a population of economic agents, the route is that of Boltzmann’s kinetic theory at the half of XIX century (more suitable than...

We propose a simple stochastic exchange game mimicking taxation and redistribution. There are g agents and n coins; taxation is modeled by randomly extracting some coins; then, these coins are redistributed to agents following Polya's scheme. The individual wealth equilibrium distribution for...