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Sizes and limit behavior of large fractions

We use order statistics of the fractions in some of the later chapters of this book. These have a well-defined limit distribution, called the Poisson-Dirichlet distribution, as the number of agents goes to infinity. The probability density of the first few of the fractions is later used in our discussion of approximations of market excess demands by a few dominant fractions in Chapters 10 and 11.

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Source: Aoki M.. Modeling Aggregate Behaviour & Fluctuations in Economics. Cambridge: Cambridge University Press,2002. — 281 p.. 2002

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