A Quantal Response Model of Firm Competition
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- Williams, Michael A. & Baek, Grace & Park, Leslie Y. & Zhao, Wei, 2016. "Global evidence on the distribution of economic profit rates," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 458(C), pages 356-363.
More about this item
KeywordsFirm competition; Laplace distribution; Gibbs sampler; pro t rate; statistical equilibrium; rational inattention; information theory; quantal response;
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- D20 - Microeconomics - - Production and Organizations - - - General
- D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-COM-2015-04-11 (Industrial Competition)
- NEP-ECM-2015-04-11 (Econometrics)
- NEP-MAC-2015-04-11 (Macroeconomics)
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