THE EVOLUTION OF INDUSTRIAL CONCENTRATION DUE TO LUCK: AN EXTENSION

Emerald - Tập 15 Số 1 - Trang 71-88 - 1993
DemetriusKantarelis1
1Department of Economics and Foreign Affairs, Assumption College, Worcester, MA 01615

Tóm tắt

Gibrat's Law of Proportionate Effect is reconsidered by assuming a process of stochastic growth and decline of firms in an industry. With the assistance of computer simulations it is shown that such a process leads to an even more skewed size distribution of firms than a random process of growth only.

Từ khóa


Tài liệu tham khảo

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Emerald

Tập 15 Số 1

71-88

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