Bankruptcy as an exit mechanism for systems with a variable number of components

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dc.creatorDi Guilmi, Corrado
dc.creatorGaffeo, Edoardo
dc.creatorGallegati, Mauro
dc.date2003-12-29
dc.date.accessioned2026-07-07T02:55:38Z
dc.date.available2026-07-07T02:55:38Z
dc.descriptionDynamical systems with components whose sizes evolve according to multiplicative stochastic rules have been recently combined with entry and exit processes. We show that the assumptions usually made in modeling exits are at odds with the available evidence. We discuss a recently proposed macroeconomic model with random multiplicative shocks and a mechanism for exit based on bankruptcy, which displays several observed stylized facts for firms' dynamics, like power law distributions for firms' sizes and Laplace distribution for firms' growth rates.
dc.descriptionAPFA4 proceeding, 5 pages
dc.identifierhttps://arxiv.org/abs/cond-mat/0312676
dc.identifierhttp://arxiv.org/abs/cond-mat/0312676
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/23011
dc.subjectCondensed Matter
dc.titleBankruptcy as an exit mechanism for systems with a variable number of components
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