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- W4250508727 abstract "A power law is the form taken by a remarkable number of regularities in economics, and is a relation of the type Y = kX α , where Y and X are variables of interest, α is called the power law exponent, and k is a constant. Many economic laws take the form of power laws, in particular macroeconomic scaling laws, the distribution of income, wealth, size of cities and firms, and the distribution of financial variables such as returns and trading volume. This article surveys the empirical evidence and the theoretical explanations for the occurrence of power laws." @default.
- W4250508727 created "2022-05-12" @default.
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- W4250508727 date "2008-01-01" @default.
- W4250508727 modified "2023-09-30" @default.
- W4250508727 title "Power Laws" @default.
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- W4250508727 doi "https://doi.org/10.1057/978-1-349-95121-5_2342-1" @default.
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