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Price dispersion can be viewed as a measure of trading frictions (or, tautologically, as a violation of the law of one price). It is often attributed to consumer search costs or unmeasured attributes (such as the reputation) of the retailing outlets involved. There is a difference between price dispersion and price discrimination. The latter ...
In economic growth literature the term "convergence" can have two meanings. The first kind (sometimes called "sigma-convergence") refers to a reduction in the dispersion of levels of income across economies. "Beta-convergence" on the other hand, occurs when poor economies grow faster than rich ones.
Dispersion (geology), a process whereby sodic soil disperses when exposed to water; Dispersion (materials science), the fraction of atoms of a material exposed to the surface; Dispersion polymerization, a polymerization process; Velocity dispersion, the statistical variation of velocities about the mean velocity for a group of astronomical objects
The coefficient of variation fulfills the requirements for a measure of economic inequality. [20] [21] [22] If x (with entries x i) is a list of the values of an economic indicator (e.g. wealth), with x i being the wealth of agent i, then the following requirements are met: Anonymity – c v is independent of the ordering of the list x.
Dispersed knowledge in economics is the notion that no single agent has information as to all of the factors which influence prices and production throughout the system. [1] The term has been both expanded upon and popularized by American economist Thomas Sowell .
In statistics, dispersion (also called variability, scatter, or spread) is the extent to which a distribution is stretched or squeezed. [1] Common examples of measures of statistical dispersion are the variance, standard deviation, and interquartile range. For instance, when the variance of data in a set is large, the data is widely scattered.
Tens of thousands of Social Security Administration staffers can continue teleworking into 2029 under a recent deal signed between their union and the agency. The agreement comes as the incoming ...
In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital). [1] In general theory and in for example the U.S. National Income and Product Accounts , each unit of output corresponds to a unit of income.