|
EconStor >
Christian-Albrechts-Universität Kiel (CAU) >
Department of Economics, Universität Kiel >
Economics Working Papers, Department of Economics, CAU Kiel >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22051
|
| | |
| Title: | | Does Classical Competition Explain the Statistical Features of Firm Growth?  |
| Authors: | | Alfarano, Simone Milaković, Mishael |
| Issue Date: | | 2008 |
| Series/Report no.: | | Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2008,03 |
| Abstract: | | We express the idea of classical competition in a statistical equilibrium model, where the tendency for competition to equalize profit rates results in an exponential power (or Subbotin) distribution. The model supports and extends recent evidence on the Laplace distribution of growth rates in firm size. We also find tent-shaped distributions in the size growth rates of Forbes Global 2000 companies, which we interpret as preliminary evidence in favor of the hypothesis that classical competition is a globally operating mechanism. |
| Subjects: | | Statistical equilibrium classical competition maximum entropy profit rates firm growth rates Subbotin distribution Laplace distribution |
| JEL: | | F01 E10 D21 L10 C16 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics Working Papers, Department of Economics, CAU Kiel
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/22051
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|