Epstein Secrets

h regard to producing simulations of my models proposed in 2006. The exchange model proved difficult to construct. However, in March 2010 Maria and George produced the first Matlab model for me based on the GLV model in the second part of my 2006 note. Somewhat to my surprise, this produced a perfect

rchers in liquidity. q is just the ratio of K to W. At a whole stock market level, both company risk

FT 2011b FT/M 2010 Gabaix 2009 Gaffeo et al 2003 Gallegati et al 2006 gapminder Georgescu-Roegen 1971 Georgia Tech 2010 Glazer & Wark 2001 Gollin 2002 Gould & Tobochnik 2010 Goyenko et al 2009 Griffiths & Tenenbaum 2006 Guardian 2010 Harrison 2005 Harvie 2000 Hayek 1931 Hess & Holzhau

tween the capital K and it's financial equivalent W. We will assume that total K = total W, and so as

on of the national income shares in the US, noting that the overall share is constant even though sector shares show long-term changes [Young 2010]. Gollin gives a very thorough survey of income shares in more than forty countries [Gollin 2002]. Figure 1.3.8 here [St Louis Fed 2004] We will come back

onsidered it and rejected it on other grounds. J. W. Gibbs served as Irving Fisher's thesis adviser a

ee-quarters and can be very stable, as discussed in section 1.3 above. Young gives a good discussion of the national income shares in the US, while Gollin gives a very thorough survey of income shares in more than forty countries [Young 2010, Gollin 2002]. In emerging economies 13 can be much lower, a