Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/111903 
Year of Publication: 
2014
Series/Report no.: 
Working Papers on Innovation and Space No. 07.14
Publisher: 
Philipps-University Marburg, Department of Geography, Marburg
Abstract: 
This paper presents a firm and market model that is able to reproduce the empirically observed patterns on firm growth and its statistical characteristics. It goes beyond the existing firm models by reproducing all stylized facts established in the literature. Furthermore, the model is flexible so that it can be adapted to certain industries and life-cycle stages. We analyse and discuss the options that are provided by the various parameters in this sense.
Subjects: 
Firm model
firm growth
market model
industry dynamics
JEL: 
L11
L13
L22
L25
O12
C15
Document Type: 
Working Paper

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