Statistical Equilibrium in Economics

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo economics
gptkbp:category economic modeling
gptkbp:contrastsWith deterministic equilibrium
gptkbp:describes macroeconomic systems
microeconomic systems
gptkbp:focusesOn aggregate outcomes
probabilistic distribution of agents
https://www.w3.org/2000/01/rdf-schema#label Statistical Equilibrium in Economics
gptkbp:influencedBy statistical physics
gptkbp:introduced gptkb:Duncan_Foley
gptkbp:publishedIn gptkb:Journal_of_Economic_Theory
gptkbp:relatedTo gptkb:statistical_mechanics
agent-based modeling
random processes
entropy maximization
gptkbp:usedBy gptkb:econophysics
gptkbp:usedFor modeling income distribution
modeling market dynamics
modeling wealth distribution
gptkbp:bfsParent gptkb:Duncan_Foley
gptkbp:bfsLayer 7