《Role of Intensive and Extensive Variables in a Soup of Firms in Economy
to Address Long Run Prices and Aggregate Data》
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作者:
Ali Hosseiny and Mauro Gallegati
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最新提交年份:
2017
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英文摘要:
We review the production function and the hypothesis of equilibrium in the neoclassical framework. We notify that in a soup of sectors in economy, while capital and labor resemble extensive variables, wage and rate of return on capital act as intensive variables. As a result, Baumol and Bowen\'s statement of equal wages is inevitable from the thermodynamics point of view. We try to see how aggregation can be performed concerning the extensive variables in a soup of firms. We provide a toy model to perform aggregation for production and the labor income as extensive quantities in a neoclassical framework.
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中文摘要:
我们回顾了新古典主义框架下的生产函数和均衡假设。我们注意到,在经济的各个部门中,虽然资本和劳动力类似于广泛变量,但工资和资本回报率作为密集变量。因此,从热力学的角度来看,鲍莫尔和鲍恩的平等工资声明是不可避免的。我们试图了解如何在一堆企业中对广泛的变量进行聚合。我们提供了一个玩具模型,在新古典主义框架下,将生产和劳动收入作为大量数量进行聚合。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类:Physics 物理学
二级分类:Physics and Society 物理学与社会
分类描述:Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体(人类或其他)的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统(如能源网、运输网络)的物理和工程。
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Role_of_Intensive_and_Extensive_Variables_in_a_Soup_of_Firms_in_Economy_to_Addre.pdf
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