Geroski, Paul A; Jacquemin, Alexis - In: Economic Journal 98 (1988) 391, pp. 375-89
This paper is concerned with modeling the movements in profits of firms over time. At the heart of the emp irical model is a latent variables problem which arises from the fact that entry and imitation do not actually have to occur to have an ef fect on profits. A solution to this problem is...
