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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- Bottazzi, Giulio & Dosi, Giovanni & Lippi, Marco & Pammolli, Fabio & Riccaboni, Massimo, 2001.
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"Corporate growth and industrial structures: some evidence from the Italian manufacturing industry,"
Industrial and Corporate Change,
Oxford University Press, vol. 11(4), pages 705-723, August.
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