A stochastic model of firm growth

被引:25
作者
Bottazzi, G [1 ]
Secchi, A [1 ]
机构
[1] Scuola Super Sant Anna, I-56100 Pisa, Italy
关键词
business firm growth; Polya's urn; Laplace distribution;
D O I
10.1016/S0378-4371(02)01889-7
中图分类号
O4 [物理学];
学科分类号
0702 ;
摘要
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. (C) 2002 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:213 / 219
页数:7
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