• openAccess   A statistical equilibrium model of competitive firms 

      Alfarano, Simone; Milakovic, Mishael; Irle, Albrecht; Kauschke, Jonas Elsevier (2012-01)
      We find that the empirical density of firm profit rates, measured as returns on assets, is markedly non-Gaussian and reasonably well described by an exponential power (or Subbotin) distribution. We start from a statistical ...