Showing 1 - 10 of 21
Significant differences in the evolution of firm size distribution for various industries in the United States have been revealed and documented. For theoretical considerations, this finding puts major constraints on the modelling of firm growth. For practical purposes, the observed differences...
Persistent link: https://www.econbiz.de/10005836769
This work presents a simple method for calculating deviations regarding city size and the size which would correspond to it with a Pareto exponent equal to one unit (Zipf’s Law). Recent works show that when considering the entire sample without size restrictions, the estimated Pareto exponent...
Persistent link: https://www.econbiz.de/10005836824
We provide a detailed analysis of a generalized proportional growth model (GPGM) of innovation and corporate dynamics that encompasses the Gibrat’s Law of Proportionate Effect and the Simon growth process as particular instances. The predictions of the model are derived in terms of (i) firm...
Persistent link: https://www.econbiz.de/10008919764
This paper analyses the statistical distribution of war size. We find strong support for a Pareto-type distribution (power law) using data from different sources (COW and UCDP) and periods. A power law describes accurately the size distribution of all wars, but also the distribution of the...
Persistent link: https://www.econbiz.de/10011118545
We show in the Chinese Annual Survey of Industrial Firms that size distributions of non-exporters and exporters have different shapes, which can only be explained by assuming that their productivity distributions have different shapes. Empirical estimations verify this assumption. This paper...
Persistent link: https://www.econbiz.de/10009493285
This paper realizes the Melitz-Pareto model using firm-level data from 40 Chinese manufacturing industries from 1998 and 2007. Under the hypothesis that the productivity of firms in each industry follows a Pareto distribution, we show that the domestic sales of non-exporters and the foreign...
Persistent link: https://www.econbiz.de/10009404631
A stock replenishing model is considered whereby not only the demand for the item, but also the stock in hand and the lead time period are considered to be random variables. The interrelations of these three item characteristics are then studied in the framework of a scheme for deciding when to...
Persistent link: https://www.econbiz.de/10005789353
This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of labor- and capital-augmenting developments. Using the Clayton copula family to capture...
Persistent link: https://www.econbiz.de/10005789940
Complex systems can be characterized by classes of equivalency of their elements defined according to system specific rules. We propose a generalized preferential attachment model to describe the class size distribution. The model postulates preferential growth of the existing classes and the...
Persistent link: https://www.econbiz.de/10005031401
The evolution of Gini coefficient for personal incomes in the USA between 1947 and 2005 is analyzed and modeled. There are several versions of personal income distribution (PID) provided by the US Census Bureau (US CB) for this period with various levels of resolution. Effectively, these PIDs...
Persistent link: https://www.econbiz.de/10005619490