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-data on the ABS auto loans in the US before and after the policy intervention, and we test, successfully, our theory in this …
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-data on the ABS auto loans in the US before and after the policy intervention, and we test, successfully, our theory in this …
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We argue that the complex interactions of competitive heterogeneous firms lead to a statistical equilibrium distribution of firms' profit rates, which turns out to be an exponential power (or Subbotin) distribution. Moreover, we construct a diffusion process that has the Subbotin distribution as...
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