Saičev, Aleksandr I. - 2010
Properties of Realizations of the Geometric Brownian Motion -- Exit or #x201C;Death#x201D; of Firms -- Deviations from Gibrat …. The general theory is presented in the language of firm dynamics for the sake of convenience but applies to many other … systems. It takes into account (i) time-varying firm creation, (ii) firm's exit resulting from both a lack of sufficient …