Resource title

A Note on Aoki-Yoshikawa Model

Resource image

image for OpenScout resource :: A Note on Aoki-Yoshikawa Model

Resource description

In this paper, we explore a dynamical version of by Aoki and Yoshikawa model (AYM) for an economy driven by demand. We show that when an appropriate Markovian dynamics is taken into account, AYM has di¤erent equilibrium distributions depending on the form of transition probabilities. In the version of the dynamic AYM presented here, transition probabilities depend on a parameter c tuning the choice of a new sector for workers leaving their sector. The solution of Aoki and Yoshikawa is recovered only in the case c = 0. All the other possible cases give di¤erent equilibrium probability distributions, including the Bose-Einstein distribution.

Resource author

Enrico Scalas, Ubaldo Garibaldi

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/27474

Resource license

Adapt according to the presented license agreement and reference the original author.