create a website

Unhedgeable shocks and statistical economic equilibrium. (2013). Foley, Duncan ; Smith, Eric ; Good, Benjamin .
In: Economic Theory.
RePEc:spr:joecth:v:52:y:2013:i:1:p:187-235.

Full description at Econpapers || Download paper

Cited: 3

Citations received by this document

Cites: 43

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The dynamics of Pareto distributed wealth in a small open economy. (2023). Wälde, Klaus ; Scheuer, Niklas ; Birkner, Matthias ; Walde, Klaus.
    In: Economic Theory.
    RePEc:spr:joecth:v:76:y:2023:i:2:d:10.1007_s00199-022-01471-z.

    Full description at Econpapers || Download paper

  2. STATISTICAL EQUILIBRIUM METHODS IN ANALYTICAL POLITICAL ECONOMY. (2022). Scharfenaker, Ellis.
    In: Journal of Economic Surveys.
    RePEc:bla:jecsur:v:36:y:2022:i:2:p:276-309.

    Full description at Econpapers || Download paper

  3. An entropic framework for modeling economies. (2014). Golan, Amos ; Caticha, Ariel .
    In: Physica A: Statistical Mechanics and its Applications.
    RePEc:eee:phsmap:v:408:y:2014:i:c:p:149-163.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Aiyagari S.R.: Uninsured idiosyncratic risk and aggregate saving. Q J Econ Theory 109, 659–684 (1994).

  2. Arrow K.J.: The theory of risk aversion. In: Saatio, Y.J. (eds) Aspects of the Theory of Risk Bearing, pp. 90–109. The Academic Bookstore, Helsinki (1965).
    Paper not yet in RePEc: Add citation now

  3. Avery R.B., Elliehousen G.E., Kennickell A.B.: Measuring wealth with survey data: an evaluation of the 1983 survey of consumer finances. Rev Income Wealth XXXIV, 339–369 (1988).

  4. Avery, R.B., Kennickell, A.B.: Measurement of household saving obtained from first differencing wealth estimates. In: 21st General Conference of the International Association for Research in Income and Wealth, Lahnstein, FRG, August 20–26 (presentation) (1989). cited in ref. Aiyagari (1994).
    Paper not yet in RePEc: Add citation now

  5. Carvajal, A., Weretka, M.: No-arbitrage, state prices, and trade in thin financial markets. Econ Theory, 1–46 (2010). doi: 10.1007/s00199-010-0567-5 .

  6. Correia-da-Silva, J., Hervés-Beloso, C.: General equilibrium in economics with uncertain delivery. Econ Theory, 1–27 (2011). doi: 10.1007/s00199-011-0647-1 .

  7. Daniels, M.G., Farmer, J.D., Iori, G., Smith, E.: Quantitative model of price diffusion and market friction based on trading as a mechanistic random process. Phys Rev Lett 90, 108102 (2003). SFI preprint # 02-01-001, with title “Demand Storage, Market Liquidity, and Price Volatility”.
    Paper not yet in RePEc: Add citation now
  8. de Jong F.J.: Dimensional Analysis for Economists. North Holland, Amsterdam (1967).
    Paper not yet in RePEc: Add citation now
  9. de Vladar, H.P., Barton, N.H.: The contribution of statistical physics to evolutionary biology. Trends Ecol Evol, 1–9 (2011). doi: 10.1016/j.tree.2011.04.002 .
    Paper not yet in RePEc: Add citation now

  10. Debreu G.: Economies with a finite set of equilibria. Econometrica 38, 387–392 (1970).

  11. Debreu G.: Theory of Value. Yale University Press, New Haven (1987).
    Paper not yet in RePEc: Add citation now
  12. Ellis R.S.: Entropy, Large Deviations, and Statistical Mechanics. Springer, New York (1985).
    Paper not yet in RePEc: Add citation now

  13. Foley D.K.: A statistical equilibrium theory of markets. J Econ Theory 62, 321–345 (1994).

  14. Foley D.K.: On two specifications of asset equilibrium in macroeconomic models. J Polit Econ 83(2), 303–324 (1975).

  15. Foley D.K.: Statistical equilibrium in a simple labor market. Metroeconomica 47, 125–147 (1996).

  16. Foley D.K.: What’s wrong with the fundamental existence and welfare theorems?. J Econ Behav Organ 75, 115–131 (2010).

  17. Frank, S.A.: The common patterns of nature. J Evol Biol (2009). doi: 10.1111/j.1420-9101.2009.01775.x .
    Paper not yet in RePEc: Add citation now
  18. Freidlin M.I., Wentzell A.D.: Random Perturbations in Dynamical Systems.115–131 2nd ed. Springer, New York (1998).
    Paper not yet in RePEc: Add citation now
  19. Fristedt B., Gray L.: A Modern Approach to Probability Theory. Birkhäuser, Boston (1997).
    Paper not yet in RePEc: Add citation now

  20. Gabaix X.: Power laws in economics and finance. Annu Rev Econ 1, 255–293 (2009).

  21. Gjerstad, S.: Price dynamics in an exchange economy. Econ Theory, 1–40 (2011). doi: 10.1007/s00199-011-0651-5 .

  22. Goldenfeld N.: Lectures on Phase Transitions and the Renormalization Group. Westview Press, Boulder (1992).
    Paper not yet in RePEc: Add citation now
  23. Graham R., Tél T.: Existence of a potential for dissipative dynamical systems. Phys Rev Lett 52, 9–12 (1984).
    Paper not yet in RePEc: Add citation now
  24. Graham R., Tél T.: Weak-noise limit of Fokker–Planck models and nondifferential potentials for dissipative dynamical systems. Phys Rev A 31, 1109–1122 (1985).
    Paper not yet in RePEc: Add citation now
  25. Graham R.: Path integral formulation of general diffusion processes. Z Phys B 26, 281–290 (1977).
    Paper not yet in RePEc: Add citation now
  26. Huang K.: Statistical Mechanics. Wiley, New York (1987).
    Paper not yet in RePEc: Add citation now
  27. Jaynes E.T.: Probability Theory: the Logic of Science. Cambridge University Press, New York (2003).
    Paper not yet in RePEc: Add citation now

  28. Keisler H.J.: Getting to a competitive equilibrium. Econometrica 64, 29–49 (1996).

  29. Kittel C., Kroemer H.: Thermal Physics. 2nd ed. Freeman, New York (1980).
    Paper not yet in RePEc: Add citation now
  30. Kurtz, T.G.: Approximation of population processes. In: CBMS-NSF Regional Conference Series in Applied Mathematics, vol. 36. SIAM, Philadelphia. ISBN-13:978-0-898711-69-1. http://www.ec-securehost.com/SIAM/CB36.html (1981).
    Paper not yet in RePEc: Add citation now
  31. Maier R.S., Stein D.L.: Asymptotic exit location distributions in the stochastic exit problem. SIAM J Appl Math 57, 752 (1997).
    Paper not yet in RePEc: Add citation now
  32. Maier R.S., Stein D.L.: Escape problem for irreversible systems. Phys Rev E 48, 931–938 (1993).
    Paper not yet in RePEc: Add citation now

  33. Markowitz H.M.: Portfolio selection. J Finance 7, 77–91 (1952).

  34. Nau, R.: Risk, ambiguity, and state-preference theory. Econ Theory, 1–31 (2011). doi: 10.1007/s00199-011-0632-8 .

  35. Nirei M., Souma W.: Income distribution and stochastic multiplicative process with reset events. In: Gallegati, M., Kirman, A.P., Marsili, M. (eds) The Complex Dynamics of Economic Interaction: Essays in Economics and Econophysics, pp. 161, . Springer, New York (2004).
    Paper not yet in RePEc: Add citation now
  36. Pratt J.W.: Risk aversion in the small and in the large. Econometrica 32, 122–136 (1964).
    Paper not yet in RePEc: Add citation now
  37. Shubik, M., Smith, E.: Building theories of economic process. Complexity, 14, 77–92 (2009). SFI preprint # 06-10-038.
    Paper not yet in RePEc: Add citation now

  38. Smith, E., Farmer, J.D., Gillemot, L., Krishnamurthy, S.: Statistical theory of the continuous double auction. Quant Finance 3, 481–514 (2003). SFI preprint # 02-10-057, http://www.arxiv.org/cond-mat/0210475 .

  39. Smith, E., Foley, D.K.: Classical thermodynamics and economic general equilibrium theory. J Econ Dyn Control 32, 7–65 (2008). SFI preprint # 02-04-016, with title “Is utility theory so different from thermodynamics?”.

  40. Souma W., Nirei M.: An empirical study and model of personal encome. In: Chatterjee, A., Yarlagadda, S., Chakrabarti, B.K. (eds) Econophysics of Wealth Distributions, pp. 34–42. Springer, New York (2005).

  41. Toda A.A.: Existene of a statistical equilibrium for an economy with endogenous offer sets. Econ Theory 45, 379–415 (2010).

  42. Touchette H.: The large deviation approach to statistical mechanics. Phys Rep 478, 1–69 (2009) arxiv:0804.0327.
    Paper not yet in RePEc: Add citation now
  43. Varian H.: Microeconomic Analysis. 3rd ed. Norton, New York (1992).
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. The Politics of Flat Taxes. (2021). Young, Eric ; Dolmas, Jim ; Carroll, Daniel.
    In: Review of Economic Dynamics.
    RePEc:red:issued:18-193.

    Full description at Econpapers || Download paper

  2. Making sense of China’s astronomical foreign reserves. (2011). Wen, Yi ; Manuelli, Rodolfo E. ; Peralta-Alva, Adrian.
    In: Working Papers.
    RePEc:fip:fedlwp:2011-018.

    Full description at Econpapers || Download paper

  3. Fiscal policy in a tractable liquidity-constrained economy. (2010). Ragot, Xavier ; Challe, Edouard.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/6ailptt35p9f2oi4vdhvki7q7n.

    Full description at Econpapers || Download paper

  4. Taxing Capital? Not a Bad Idea After All!. (2007). Krueger, Dirk ; Kitao, Sagiri ; Conesa, Juan Carlos.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12880.

    Full description at Econpapers || Download paper

  5. Complete Markets, Enforcement Constraints and Intermediation. (2006). Carceles-Poveda, Eva ; Abraham, Arpad.
    In: Computing in Economics and Finance 2006.
    RePEc:sce:scecfa:320.

    Full description at Econpapers || Download paper

  6. Frictional wage dispersion in search models: a quantitative assessment. (2006). Violante, Giovanni ; Krusell, Per ; Hornstein, Andreas.
    In: Working Paper.
    RePEc:fip:fedrwp:06-07.

    Full description at Econpapers || Download paper

  7. Social Security Reform with Uninsurable Income Risk and Endogenous Borrowing Constraints. (2006). Urrutia, Carlos ; Rojas, Juan.
    In: Working Papers.
    RePEc:bde:wpaper:0602.

    Full description at Econpapers || Download paper

  8. Does income inequality lead to consumption inequality? Evidence and theory. (2005). Perri, Fabrizio ; Krueger, Dirk.
    In: CFS Working Paper Series.
    RePEc:zbw:cfswop:200515.

    Full description at Econpapers || Download paper

  9. Consumption Dynamics under Information Processing Constraints. (2005). Luo, Yulei.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0505011.

    Full description at Econpapers || Download paper

  10. Trade policy, income risk, and welfare. (2005). Maloney, William ; Krishna, Pravin ; Krebs, Tom.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:3622.

    Full description at Econpapers || Download paper

  11. Economic Development and Growth in the World Economy. (2005). Castro, Rui.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:8:y:2005:i:1:p:195-230.

    Full description at Econpapers || Download paper

  12. Evaluating Labor Market Reforms: A General Equilibrium Approach. (2005). Galdon-Sanchez, Jose ; Fernandez-Villaverde, Jesus ; Alonso-Borrego, César.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11519.

    Full description at Econpapers || Download paper

  13. Trade Policy, Income Risk, and Welfare. (2005). Maloney, William ; Krishna, Pravin ; Krebs, Tom.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11255.

    Full description at Econpapers || Download paper

  14. On the Optimal Progressivity of the Income Tax Code. (2005). Krueger, Dirk ; Conesa, Juan Carlos.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11044.

    Full description at Econpapers || Download paper

  15. Economic Development under Alternative Trade Regimes. (2005). Castro, Rui.
    In: Cahiers de recherche.
    RePEc:mtl:montde:2005-02.

    Full description at Econpapers || Download paper

  16. Accounting for the heterogeneity in retirement wealth. (2005). Yang, Fang.
    In: Working Papers.
    RePEc:fip:fedmwp:638.

    Full description at Econpapers || Download paper

  17. Housing tenure and wealth distribution in life-cycle economies. (2005). Silos, Pedro.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2005-25.

    Full description at Econpapers || Download paper

  18. Housing, portfolio choice, and the macroeconomy. (2005). Silos, Pedro.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2005-21.

    Full description at Econpapers || Download paper

  19. On the Optimal Progressivity of the Income Tax Code. (2005). Krueger, Dirk ; Conesa, Juan Carlos.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5040.

    Full description at Econpapers || Download paper

  20. Social Security Reform with Uninsurable Income Risk and Endogenous Borrowing Constraints. (2004). Urrutia, Carlos ; Rojas, Juan.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0410010.

    Full description at Econpapers || Download paper

  21. Evaluating Labor Market Reforms: A General Equilibrium Approach. (2004). Galdon-Sanchez, Jose ; Fernandez-Villaverde, Jesus ; Alonso-Borrego, César.
    In: PIER Working Paper Archive.
    RePEc:pen:papers:04-016.

    Full description at Econpapers || Download paper

  22. On the Distributional Consequences of Child Labor Legislation. (2004). Krueger, Dirk ; Donohue, Jessica Tjornhom .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10347.

    Full description at Econpapers || Download paper

  23. Evaluating Labor Market Reforms: A General Equilibrium Approach. (2004). Galdon-Sanchez, Jose ; Fernandez-Villaverde, Jesus ; Alonso-Borrego, César.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp1129.

    Full description at Econpapers || Download paper

  24. On Ramseys Conjecture: Efficient Allocations in the Neoclassical Growth Model with Private Information. (2004). Espino, Emilio.
    In: Economics Series.
    RePEc:ihs:ihsesp:154.

    Full description at Econpapers || Download paper

  25. Evaluating labor market reforms : a general equilibrium approach. (2004). Galdon-Sanchez, Jose ; Fernandez-Villaverde, Jesus ; Alonso-Borrego, César.
    In: UC3M Working papers. Economics.
    RePEc:cte:werepe:we042307.

    Full description at Econpapers || Download paper

  26. Social Security Reform with Uninsurable Income Risk and Endogenous Borrowing Constraints. (2004). Urrutia, Carlos ; Rojas, Juan.
    In: Working Papers.
    RePEc:cie:wpaper:0409.

    Full description at Econpapers || Download paper

  27. Trade Policy, Income Risk, and Welfare. (2004). Maloney, William ; Krishna, Pravin ; Krebs, Tom.
    In: Working Papers.
    RePEc:bro:econwp:2004-09.

    Full description at Econpapers || Download paper

  28. Optimal Unemployment Insurance: Transitional Dynamics vs. Steady State. (2003). Weitzenblum, Thomas ; Joseph, Gilles.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:6:y:2003:i:4:p:869-884.

    Full description at Econpapers || Download paper

  29. Growth and Welfare Analysis of Tax Progressivity in a Heterogeneous-Agent Model. (2003). Kumar, Krishna ; Imrohoroglu, Selahattin ; Caucutt, Elizabeth.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:6:y:2003:i:3:p:546-577.

    Full description at Econpapers || Download paper

  30. The Representative Consumer in the Neoclassical Growth Model with Idiosyncratic Shocks. (2003). Maliar, Serguei.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:6:y:2003:i:2:p:368-380.

    Full description at Econpapers || Download paper

  31. Wealth Effect on Labor Market Transitions. (2003). Langot, Francois ; Hairault, Jean-Olivier ; Cheron, Arnaud ; Algan, Yann.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:6:y:2003:i:1:p:156-178.

    Full description at Econpapers || Download paper

  32. INDIVISIBLE LABOR, LOTTERIES AND IDIOSYNCRATIC PRODUCTIVITY SHOCKS. (2003). Maliar, Serguei.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2003-38.

    Full description at Econpapers || Download paper

  33. QUASI-LINEAR PREFERENCES IN THE MACROECONOMY: INDETERMINACY, HETEROGENEITY ANDTHE REPRESENTATIVE CONSUMER. (2003). Maliar, Serguei.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2003-30.

    Full description at Econpapers || Download paper

  34. HETEROGENEITY IN THE DEGREE OF QUASI-GEOMETRIC DISCOUNTING: THE DISTRIBUTIONAL IMPLICATIONS. (2003). Maliar, Serguei.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2003-28.

    Full description at Econpapers || Download paper

  35. THE NEOCLASSICAL GROWTH MODEL WITH HETEROGENOUS QUASI-GEOMETRIC CONSUMERS. (2003). Maliar, Serguei.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2003-25.

    Full description at Econpapers || Download paper

  36. A NEOCLASSICAL THEORY OF WAGE ARREARS IN TRANSITION ECONOMIES. (2003). Maliar, Serguei.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2003-15.

    Full description at Econpapers || Download paper

  37. QUASI-GEOMETRIC CONSUMERS: PANEL DATA EVIDENCE. (2003). Maliar, Serguei ; Collado, M. Dolores.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2003-09.

    Full description at Econpapers || Download paper

  38. Marginal Tax Rates and the Tax Reform of 1986: the Long-run Effect on the U.S. Wealth Distribution. (2002). White, T. Kirk.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0209002.

    Full description at Econpapers || Download paper

  39. THE REPRESENTATIVE CONSUMER IN THE NEOCLASSICAL GROWTH MODEL WITH IDIOSYNCRATIC SHOCKS. (2002). Maliar, Serguei.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2002-20.

    Full description at Econpapers || Download paper

  40. Does Income Inequality Lead to Consumption Inequality?. (2002). Perri, Fabrizio ; Krueger, Dirk.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:3583.

    Full description at Econpapers || Download paper

  41. Recursive Equilibrium in Endigenous Growth Models with Incomplete Markets. (2002). .
    In: Working Papers.
    RePEc:bro:econwp:2002-30.

    Full description at Econpapers || Download paper

  42. Asset Returns in an Endogenous Growth Model with Incomplete Markets. (2002). .
    In: Working Papers.
    RePEc:bro:econwp:2002-18.

    Full description at Econpapers || Download paper

  43. Non-Existence of Recursive Equilibria on Compact State Spaces When Markets are Incomplete. (2002). Krebs, Tom.
    In: Working Papers.
    RePEc:bro:econwp:2002-17.

    Full description at Econpapers || Download paper

  44. Monotone Methods for Distorted Economies. (2001). Reffett, Kevin ; Morand, Olivier ; Datta, Manjira.
    In: Working papers.
    RePEc:uct:uconnp:2001-03.

    Full description at Econpapers || Download paper

  45. Growth effects of progressive taxes. (2001). Sarte, Pierre Daniel ; li, wenli.
    In: Working Paper.
    RePEc:fip:fedrwp:01-09.

    Full description at Econpapers || Download paper

  46. Risk sharing: private insurance markets or redistributive taxes?. (1999). Perri, Fabrizio ; Krueger, Dirk.
    In: Staff Report.
    RePEc:fip:fedmsr:262.

    Full description at Econpapers || Download paper

  47. The Welfare Effects of Liquidity Constraints. (1998). Pagano, Marco ; Jappelli, Tullio.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:13.

    Full description at Econpapers || Download paper

  48. Pricing and Hedging Derivative Securities in Incomplete Markets: An E-Aritrage Model. (1997). Lo, Andrew ; Kogan, Leonid ; Bertsimas, Dimitris.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:6250.

    Full description at Econpapers || Download paper

  49. Precautionary Portfolio Behavior from a Life-Cycle Perspective. (1996). Haliassos, Michael ; Bertaut, Carol C..
    In: Finance.
    RePEc:wpa:wuwpfi:9604001.

    Full description at Econpapers || Download paper

  50. Precautionary portfolio behavior from a life-cycle perspective. (1996). Haliassos, Michael ; Bertaut, Carol C..
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:542.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-05 22:01:22 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.