Santa Fe Institute

Displaying 1-3 of 3 results

  • White Papers // Mar 2011

    Do Firms Share The Same Functional Form Of Their Growth Rate Distribution? A New Statistical Test

    The authors introduce a new statistical test of the hypothesis that a balanced panel of firms have the same growth rate distribution or, more generally, that they share the same functional form of growth rate distribution. They applied the test to European Union and US publicly quoted manufacturing firms data,...

    Provided By Santa Fe Institute

  • White Papers // Feb 2011

    How Efficiency Shapes Market Impact

    The authors develop a theory for the market impact of large trading orders, which they call metaorders because they are typically split into small pieces and executed incrementally. Market impact is empirically observed to be a concave function of metaorder size, i.e. the impact per share of large metaorders is...

    Provided By Santa Fe Institute

  • White Papers // Dec 2010

    Fundamental And Real-world Challenges In Economics

    In the same way as the Hilbert Program was a response to the foundational crisis of mathematics, this paper tries to formulate a research program for the socio-economic sciences. The aim of this paper is to stimulate research in order to close serious knowledge gaps in mainstream economics that the...

    Provided By Santa Fe Institute

  • White Papers // Mar 2011

    Do Firms Share The Same Functional Form Of Their Growth Rate Distribution? A New Statistical Test

    The authors introduce a new statistical test of the hypothesis that a balanced panel of firms have the same growth rate distribution or, more generally, that they share the same functional form of growth rate distribution. They applied the test to European Union and US publicly quoted manufacturing firms data,...

    Provided By Santa Fe Institute

  • White Papers // Feb 2011

    How Efficiency Shapes Market Impact

    The authors develop a theory for the market impact of large trading orders, which they call metaorders because they are typically split into small pieces and executed incrementally. Market impact is empirically observed to be a concave function of metaorder size, i.e. the impact per share of large metaorders is...

    Provided By Santa Fe Institute

  • White Papers // Dec 2010

    Fundamental And Real-world Challenges In Economics

    In the same way as the Hilbert Program was a response to the foundational crisis of mathematics, this paper tries to formulate a research program for the socio-economic sciences. The aim of this paper is to stimulate research in order to close serious knowledge gaps in mainstream economics that the...

    Provided By Santa Fe Institute