WORKING PAPER | In this paper we examine the class of models defined by a joint distribution of discrete individual actions and an outcome variable so that the joint distribution is underdetermined.

WORKING PAPER | This paper develops a systemic interpretation of the functioning of capital markets that formally accounts for the observed frequency distribution of Tobin’s q.

WORKING PAPER | This working paper builds on Farjoun and Machover's probabilistic approach to understand the distribution of firm level profit rates.

WORKING PAPER | This paper proposes a model of “classically” competitive firms facing informational entropy constraints in their decisions to potentially enter or exit markets based on profit rate differentials.

WORKING PAPER | This paper examines the distribution of profit rates in the United States using firm-level data to examine the theory of the equalization of the rate of profit.