Theory of Zipf's Law and Beyond

Zipf's law is one of the few quantitative reproducible regularities found in economics. It states that, for most countries, the size distributions of city sizes and of firms are power laws with a specific exponent: the number of cities and of firms with sizes greater than S is inversely proport...

Full description

Bibliographic Details
Main Authors: Saichev, Alex. (Author), Malevergne, Yannick. (Author), Sornette, Didier. (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic
Language:English
Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
Series:Lecture Notes in Economics and Mathematical Systems, 632
Subjects:
Online Access:https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-02946-2
LEADER 03610nam a22005175i 4500
001 9972
003 DE-He213
005 20130725193559.0
007 cr nn 008mamaa
008 100301s2010 gw | s |||| 0|eng d
020 # # |a 9783642029462  |9 978-3-642-02946-2 
024 7 # |a 10.1007/978-3-642-02946-2  |2 doi 
050 # 4 |a HG1-9999 
072 # 7 |a KCBM  |2 bicssc 
072 # 7 |a KCLF  |2 bicssc 
072 # 7 |a BUS027000  |2 bisacsh 
082 0 4 |a 332  |2 23 
100 1 # |a Saichev, Alex.  |e author. 
245 1 0 |a Theory of Zipf's Law and Beyond  |c by Alex Saichev, Yannick Malevergne, Didier Sornette.  |h [electronic resource] / 
264 # 1 |a Berlin, Heidelberg :  |b Springer Berlin Heidelberg,  |c 2010. 
300 # # |a XII, 171p. 44 illus.  |b online resource. 
336 # # |a text  |b txt  |2 rdacontent 
337 # # |a computer  |b c  |2 rdamedia 
338 # # |a online resource  |b cr  |2 rdacarrier 
347 # # |a text file  |b PDF  |2 rda 
490 1 # |a Lecture Notes in Economics and Mathematical Systems,  |v 632  |x 0075-8442 ; 
505 0 # |a Introduction -- Continuous Gibrat's Law and Gabaix's Derivation of Zipf's Law -- Flow of Firm Creation -- Useful Properties of Realizations of the Geometric Brownian Motion -- Exit or "Death" of Firms -- Deviations from Gibrat's Law and Implications for Generalized Zipf's Laws -- Firm's Sudden Deaths -- Non-Stationary Mean Birth Rate -- Properties of the Realization Dependent Distribution of Firm Sizes -- Future Directions and Conclusions -- List of the Main Notations. 
520 # # |a Zipf's law is one of the few quantitative reproducible regularities found in economics. It states that, for most countries, the size distributions of city sizes and of firms are power laws with a specific exponent: the number of cities and of firms with sizes greater than S is inversely proportional to S. Zipf's law also holds in many other scientific fields. Most explanations start with Gibrat's law of proportional growth (also known as "preferential attachment'' in the application to network growth) but need to incorporate additional constraints and ingredients introducing deviations from it. This book presents a general theoretical derivation of Zipf's law, providing a synthesis and extension of previous approaches. The general theory is presented in the language of firm dynamics for the sake of convenience but applies to many other systems. It takes into account (i) time-varying firm creation, (ii) firm's exit resulting from both a lack of sufficient capital and sudden external shocks, (iii) the coupling between firm's birth rate and the growth of the value of the population of firms. The robustness of Zipf's law is understood from the approximate validity of a general balance condition. A classification of the mechanisms responsible for deviations from Zipf's law is also offered. 
650 # 0 |a Economics. 
650 # 0 |a Distribution (Probability theory). 
650 # 0 |a Economics, Mathematical. 
650 # 0 |a Finance. 
650 1 4 |a Economics/Management Science. 
650 2 4 |a Financial Economics. 
650 2 4 |a Probability Theory and Stochastic Processes. 
650 2 4 |a Game Theory/Mathematical Methods. 
700 1 # |a Malevergne, Yannick.  |e author. 
700 1 # |a Sornette, Didier.  |e author. 
710 2 # |a SpringerLink (Online service) 
773 0 # |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783642029455 
830 # 0 |a Lecture Notes in Economics and Mathematical Systems,  |v 632  |x 0075-8442 ; 
856 4 0 |u https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-02946-2 
912 # # |a ZDB-2-SBE 
950 # # |a Business and Economics (Springer-11643)