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Recent work drawing on data for large and small firms has shown a Pareto distribution of firm size. We mix a Gibrat-type growth process among incumbents with an exponential distribution of firm's age, to obtain the empirical Pareto distribution.
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This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory is to integrate theories describing five sociobehavioral processes - comparison (including justice and self-esteem), status, power, identity, and happiness - bringing under a single theoretical...
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How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science - population and variable. Starting with the simplest case...
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