The Exponential Age Distribution and the Pareto Firm Size Distribution
AbstractRecent 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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Bibliographic InfoArticle provided by Springer in its journal Journal of Industry, Competition and Trade.
Volume (Year): 10 (2010)
Issue (Month): 3 (September)
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Web page: http://springerlink.metapress.com/link.asp?id=105724
firm size distribution; age distribution; firm growth; Gibrat’s law; Pareto distribution; Zipf Law; L20; L25;
Other versions of this item:
- Alex Coad, 2008. "The exponential age distribution and the Pareto firm size distribution," Jena Economic Research Papers 2008-072, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Investigating the exponential age distribution of firms,"
Economics Discussion Papers
2010-12, Kiel Institute for the World Economy.
- Coad, Alex, 2010. "Investigating the exponential age distribution of firms," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 4(17), pages 1-30.
- Alex Coad, 2009. "Investigating the exponential age distribution of firms," Papers on Economics and Evolution 2009-23, Max Planck Institute of Economics, Evolutionary Economics Group.
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- Coad, Alex & Segarra Blasco, Agustí, 1958- & Teruel, Mercedes, 2013. "Innovation and firm growth: Does firm age play a role?," Working Papers 2072/211886, Universitat Rovira i Virgili, Department of Economics.
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