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Zipf's law states that the number of firms with size greater than S is inversely proportional to S. Most explanations start with Gibrat's rule of proportional growth but require additional constraints...
The Anderson-Darling test of fit for the power law distribution from left censored samples
Power law distribution Complexity Goodness-of-fit
2010/10/20
Maximum likelihood estimation and a test of fit based on the Anderson-Darling statistic is presented for the case of the power law distribution when the parameters are estimated from a left-censored ...
How Sharia law is affecting global interest rate determination
Sharia asset-based interest-based TARP Islamic
2010/10/18
Even money is perceived from a different perspective. In an interest based
economy money is traded as an asset. In an Islamic country money is only a medium of
exchange. Derivatives have proliferate...
Micro-Macro Relation of Production - The Double Scaling Law for Statistical Physics of Economy -
Micro-Macro Relation Double Scaling Law Statistical Physics
2010/10/19
We show that an economic system populated by multiple agents generates an equilibrium distribution in the form of multiple scaling laws of conditional PDFs, which are sufficient for characterizing the...
The Right to Difference: Explaining Colombia’s Shift from Color Blindness to the Law of Black Communities
Explaining Colombia’s Shift Color Blindness Law of Black Communities
2014/3/20
Drawing on archival analysis and in-depth interviews, this article examines Colombia’s adoption of policies for black Colombians in 1993. It argues that Afro-Colombian activists were able to seize upo...
The Journal of Law, Economics, & Organization is an interdisciplinary journal which promotes an understanding of many complex phenomena by examining such matters from a combined law, economics, and or...
《Journal of law & economics》（图）
law economics
2010/2/4
Established in 1958, the Journal of Law and Economics publishes research on a broad range of topics including the economic analysis of regulation and the behavior of regulated firms, the political eco...
Fitting the Log Periodic Power Law to financial crashes: a critical analysis
Log Periodic Power Law financial crashes critical analysis
2010/10/18
A number of papers claim that a Log Periodic Power Law (LPPL) fitted to financial market bubbles that precede large market falls or 'crashes', contain parameters that are confined within certain rang...
Analysis of land-law relations development in the Czech Republic after 1989 in the legal and economic context
enactment land ownership land adjustments lease
2014/3/3
changes in the land law, which occurred after 1948, still influence the whle czech countryside to this day. Typical features of czech agriculture, i.e. the fragmentation of ownership of the agricultur...
Universal Correlations and Power-Law Tails in Financial Covariance Matrices
Universal Correlations Power-Law Tails Financial Covariance Matrices
2010/11/1
Signatures of universality are detected by comparing individual eigenvalue distributions and level spacings from financial covariance matrices to random matrix predictions. A chopping procedure is dev...
Law of the exponential functional of one-sided Lévy processes and Asian options
L´ evy processes exponential functional special functions
2010/11/1
The purpose of this note is to describe, in terms of a power series, the distribution function
of the exponential functional, taken at some independent exponential time, of a spectrally negative L&ac...
Inquiry into the Micro Foundation of Macro Fluctuations: The Law of Large Numbers and Arbitrage unde
2008/1/17
The law of large numbers introduces an order of where N is the number of elements in a linear stochastic system with or without growth. Comparing observed magnitudes of macro fluctuations and numbers ...
November 27, 2006，Robert Greenstein, executive director of the Center on Budget and Policy Priorities, will speak to the Yale Law School community on Thursday, Nov. 30. His topic will be “The New Cong...
Law, Economics and the Institutional Approach to Development and Transition: towards an Evolutionary Perspective
Law, Economics Institutional Approach to Development and Transition towards an Evolutionary Perspective
2014/6/25
The principles underlying evolutionary psychology suggest an approach to Law and Economics that tends to reject top-down policy making and encourages a bottom-up stance, whereby rules lead to behavior...
THE SEPARATIONS OF POWERS, THE RULE OF LAW AND ECONOMIC PERFORMANCE
THE SEPARATIONS OF POWERS THE RULE OF LAW ECONOMIC PERFORMANCE
2014/6/25
Markets work best when the rules of the game are stable, property rights are secure and contracts are observed. These conditions are promoted by the rule of law in the classical liberal sense of the s...