Buendia, Fernando, "Self-organizing Markets", 2007 July 29-2007 August 2
ua435
This paper develops a model to understand self-organizing markets. This kind of markets is characterized by a highly skewed distribution of firms size, so a way to explain them is by introducing increasing returns to the growth of the firm. In this paper, besides, I show how urn theory can be used to formalize the model suggested in this paper.