Tracing The Dynamics Of Competition: Evidence From Company Profits
"This article proposes a simple approach to analyzing profit dynamics, which allows for time-varying persistence of profits. The time series model is a simple autoregressive process where the dynamics of the persistence parameter follow an autoregressive process. Using the longest time series available on profits for more than a hundred U.S. firms, we find that there is ample evidence of time variation in the persistence parameter." ("JEL" L00, C22) Copyright (c) 2007 Western Economic Association International.
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Volume (Year): 46 (2008)
Issue (Month): 2 (April)
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References listed on IDEAS
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