Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211655 
Year of Publication: 
1992
Series/Report no.: 
Bank of Finland Discussion Papers No. 26/1992
Publisher: 
Bank of Finland, Helsinki
Abstract: 
A non-parametric framework for testing the existence of aggregates is developed. The framework is based on the notion of the maximum entropy formalism which is applied to model the size distribution of firms. The theory, once presented, is applied to the US banking industry in order to test for the existence 'of a consistent output-aggregate. The existence of an output-aggregate in banking can facilitate much of the empirical research in this industry and shed some light on the industry's long-run market structure.
Persistent Identifier of the first edition: 
ISBN: 
951-686-339-6
Document Type: 
Working Paper

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