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Multiple commodities in statistical microeconomics: model and market

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dc.contributor.authorBelal Ehsan Baaquie
dc.contributor.authorMiao Yu
dc.contributor.authorXin Du
dc.date.accessioned2017-03-03T03:28:08Z
dc.date.available2017-03-03T03:28:08Z
dc.date.issued2016
dc.description.abstractA statistical generalization of microeconomics has been made in Baaquie (2013). In Baaquie et al. (2015), the market behavior of single commodities was analyzed and it was shown that market data provides strong support for the statistical microeconomic description of commodity prices. The case of multiple commodities is studied and a parsimonious generalization of the single commodity model is made for the multiple commodities case. Market data shows that the generalization can accurately model the simultaneous correlation functions of up to four commodities. To accurately model five or more commodities, further terms have to be included in the model. This study shows that the statistical microeconomics approach is a comprehensive and complete formulation of microeconomics, and which is independent to the mainstream formulation of microeconomics.en_US
dc.identifier.citationBaaquie, B. E., Miao, Y., Xin, D. (2016). Multiple commodities in statistical microeconomics: model and market. Physica A, 462, 912-929. https://doi.org/10.1016/j.physa.2016.06.102en_US
dc.identifier.doihttps://doi.org/10.1016/j.physa.2016.06.102
dc.identifier.issn0378-4371
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/2263
dc.languageEnglish
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.rights2016. Elsevier
dc.sourceSEDONA
dc.subjectPath integralen_US
dc.subjectStatistical microeconomicsen_US
dc.subjectAction functionalen_US
dc.subjectCommoditiesen_US
dc.subjectMarketen_US
dc.titleMultiple commodities in statistical microeconomics: model and marketen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
ikr.topic.subtopicConventional finance::Economicsen_US
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