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A spatial network explanation for a hierarchy of urban power laws

โœ Scribed by Claes Andersson; Alexander Hellervik; Kristian Lindgren


Book ID
104077733
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
257 KB
Volume
345
Category
Article
ISSN
0378-4371

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We survey a theory (first sketched in Nature in 2003, then fleshed out in the Quarterly Journal of Economics in 2006) of the economic underpinnings of the fat-tailed distributions of a number of financial variables, such as returns and trading volume. Our theory posits that they have a common origin