Browsing Departament: Economia by Keyword "Subbotin distribution"

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    • 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 ...

    • closedAccess   Does classical competition explain the statistical features of firm growth? 

      Alfarano, Simone; Milakovic, Mishael Elsevier (2008)
      We propose a statistical equilibrium model where the tendency for competition to equalize profit rates results in an exponential power (or Subbotin) distribution. The model supports and extends recent evidence on the Laplace ...