Why are distributions of firm growth rates tent-shaped?

被引：86

作者：

Bottazzi, G ^{[1
]}

Secchi, A ^{[1
]}

机构：

[1] Scuola Super Sant Anna, I-56100 Pisa, Italy

来源：

ECONOMICS LETTERS | 2003年 / 80卷 / 03期

关键词：

firm growth; polya's urn; Laplace distribution;

D O I：

10.1016/S0165-1765(03)00142-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Recent empirical analyses on different datasets have revealed a common exponential behavior in the shape of the probability density of the corporate growth rates. We present new evidence on this topic from the Italian Manufacturing Industry and propose a very simple mechanism that, under rather general assumptions, provides a robust explanation for the observed regularities. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：415 / 420

页数：6

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