A stochastic model of firm growth
Recently from analyses on different databases the tent-shape of the distribution of firm growth rates has emerged as a robust and universal characteristic of the time evolution of corporates. We add new evidence on this topic and we present a new stochastic model that, under rather general assumptions, provides a robust explanation for the observed regularity.
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Volume (Year): 324 (2003)
Issue (Month): 1 ()
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References listed on IDEAS
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