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Existence of a statistical equilibrium for an economy with endogenous offer sets

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  • Alexis Toda

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  • Alexis Toda, 2010. "Existence of a statistical equilibrium for an economy with endogenous offer sets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 45(3), pages 379-415, December.
    • Handle: RePEc:spr:joecth:v:45:y:2010:i:3:p:379-415
    DOI: 10.1007/s00199-009-0493-6
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    References listed on IDEAS

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    1. Buchen, Peter W. & Kelly, Michael, 1996. "The Maximum Entropy Distribution of an Asset Inferred from Option Prices," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 31(1), pages 143-159, March.
    2. Hiroshi Yoshikawa, 2003. "The Role of Demand in Macroeconomics," The Japanese Economic Review, Japanese Economic Association, vol. 54(1), pages 1-27, March.
    3. Foley Duncan K., 1994. "A Statistical Equilibrium Theory of Markets," Journal of Economic Theory, Elsevier, vol. 62(2), pages 321-345, April.
    4. John M. Cozzolino & Michael J. Zahner, 1973. "The Maximum-Entropy Distribution of the Future Market Price of a Stock," Operations Research, INFORMS, vol. 21(6), pages 1200-1211, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Alexis Toda, 2015. "Bayesian general equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 58(2), pages 375-411, February.
    2. Chiarella Carl & Di Guilmi Corrado, 2015. "The limit distribution of evolving strategies in financial markets," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 19(2), pages 137-159, April.
    3. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h56484hg0 is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h5623b6bg is not listed on IDEAS
    5. Sylvain Barde, 2015. "Back to the Future: Economic Self-Organisation and Maximum Entropy Prediction," Computational Economics, Springer;Society for Computational Economics, vol. 45(2), pages 337-358, February.
    6. Sylvain Barde, 2012. "Of ants and voters: maximum entropy prediction and agent based models with recruitment," Post-Print hal-01071853, HAL.
    7. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h56484hg0 is not listed on IDEAS
    8. Tanaka, Ken'ichiro & Toda, Alexis Akira, 2015. "Discretizing Distributions with Exact Moments: Error Estimate and Convergence Analysis," University of California at San Diego, Economics Working Paper Series qt2tc0m67t, Department of Economics, UC San Diego.
    9. Tanaka, Ken’ichiro & Toda, Alexis Akira, 2013. "Discrete approximations of continuous distributions by maximum entropy," Economics Letters, Elsevier, vol. 118(3), pages 445-450.
    10. Sylvain Barde, 2011. "Back to the future: a simple solution to schelling segregation," SciencePo Working papers Main hal-01069479, HAL.
    11. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h5623b6bg is not listed on IDEAS
    12. Sylvain Barde, 2011. "Ignorance is bliss: rationality, information and equilibrium," SciencePo Working papers Main hal-01069478, HAL.
    13. Lee, Ji Hyung & Sasaki, Yuya & Toda, Alexis Akira & Wang, Yulong, 2024. "Tuning parameter-free nonparametric density estimation from tabulated summary data," Journal of Econometrics, Elsevier, vol. 238(1).
    14. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h5623b6bg is not listed on IDEAS
    15. repec:hal:spmain:info:hdl:2441/f4rshpf3v1umfa09l8sao0qa3 is not listed on IDEAS
    16. Sylvain Barde, 2012. "Back to the future: economic rationality and maximum entropy prediction," Studies in Economics 1202, School of Economics, University of Kent.
    17. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h56484hg0 is not listed on IDEAS
    18. Toda, Alexis Akira, 2012. "The double power law in income distribution: Explanations and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 364-381.
    19. Caticha, Ariel & Golan, Amos, 2014. "An entropic framework for modeling economies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 408(C), pages 149-163.
    20. Jangho Yang, 2018. "Information Theoretic Approaches In Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 940-960, July.
    21. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h56484hg0 is not listed on IDEAS
    22. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h5623b6bg is not listed on IDEAS
    23. Eric Smith & Duncan Foley & Benjamin Good, 2013. "Unhedgeable shocks and statistical economic equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 187-235, January.
    24. Jangho Yang, 2023. "Information‐theoretic model of induced technical change: Theory and empirics," Metroeconomica, Wiley Blackwell, vol. 74(1), pages 2-39, February.
    25. repec:spo:wpmain:info:hdl:2441/f4rshpf3v1umfa09l8sao0qa3 is not listed on IDEAS

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    More about this item

    Keywords

    Entropy; Maximum entropy principle; Statistical equilibrium; C62; C63; D30; D50;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • D30 - Microeconomics - - Distribution - - - General
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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