131 citations · 648 across the 32 of their papers we have counts for
6 papers · 1 filter
Ergodicity breaking in wealth dynamics: The case of reallocating geometric Brownian motion
Viktor Stojkoski, Marko Karbevski
A growing body of empirical evidence suggests that the dynamics of wealth within a population tends to be non-ergodic, even after rescaling the individual wealth with the populatio…
Income inequality and mobility in geometric Brownian motion with stochastic resetting: theoretical results and empirical evidence of non-ergodicity
Viktor Stojkoski, Petar Jolakoski, Arnab Pal +3
We explore the role of non-ergodicity in the relationship between income inequality, the extent of concentration in the income distribution, and mobility, the feasibility of an ind…
Autocorrelation functions and ergodicity in diffusion with stochastic resetting
Viktor Stojkoski, Trifce Sandev, Ljupco Kocarev +1
Diffusion with stochastic resetting is a paradigm of resetting processes. Standard renewal or master equation approach are typically used to study steady state and other transport…
Determinants of budget deficits: Focus on the effects from the COVID-19 crisis
Dragan Tevdovski, Petar Jolakoski, Viktor Stojkoski
This paper revisits the discussion on determinants of budget balances and investigates the change in their effect in light of the COVID-19 crisis by utilizing data on 43 countries…
Geometric Brownian Motion under Stochastic Resetting: A Stationary yet Non-ergodic Process
Viktor Stojkoski, Trifce Sandev, Ljupco Kocarev +1
We study the effects of stochastic resetting on geometric Brownian motion (GBM), a canonical stochastic multiplicative process for non-stationary and non-ergodic dynamics. Resettin…
The impact of state capacity on the cross-country variations in COVID-19 vaccination rates
Dragan Tevdovski, Petar Jolakoski, Viktor Stojkoski
The initial period of vaccination shows strong heterogeneity between countries' vaccinations rollout, both in the terms of the start of the vaccination process and in the dynamics…