Typical properties of large random economies with linear activities

Simple item page
dc.creatorDe Martino, A.
dc.creatorMarsili, M.
dc.creatorCastillo, I. Pérez
dc.date2003-09-23
dc.date2004-01-20
dc.date.accessioned2026-07-07T12:11:02Z
dc.date.available2026-07-07T12:11:02Z
dc.descriptionWe study the competitive equilibrium of large random economies with linear activities using methods of statistical mechanics. We focus on economies with $C$ commodities, $N$ firms, each running a randomly drawn linear technology, and one consumer. We derive, in the limit $N,C\to\infty$ with $n=N/C$ fixed, a complete description of the statistical properties of typical equilibria. We find two regimes, which in the limit of efficient technologies are separated by a phase transition, and argue that endogenous technological change drives the economy close to the critical point.
dc.description19 pages, 5 figures
dc.identifierhttps://arxiv.org/abs/cond-mat/0309533
dc.identifierhttp://arxiv.org/abs/cond-mat/0309533
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/210104
dc.subjectStatistical Mechanics
dc.subjectGeneral Finance
dc.titleTypical properties of large random economies with linear activities
dc.typetext

Files

Collections

arXiv