Geometric Brownian motion with intermittent entries and exits (opens in new tab)

We study a generalized geometric Brownian motion framework that incorporates both entries of new units and exit mechanisms for the current population, extending earlier stochastic resetting models where these rates are treated as identical. The model captures realistic features observed in many economic observables, which can be explained as market-driven firm entries/exits, worker inflow/outflow, and income growth/loss. This model is not conser...