Gibrat’s Law
Details
Serval ID
serval:BIB_D925E2CA4A09
Type
A part of a book
Collection
Publications
Institution
Title
Gibrat’s Law
Title of the book
The New Palgrave Dictionary of Economics
Publisher
Palgrave Macmillan
ISBN
978-0-333-78676-5
Publication state
Published
Issued date
2008
Editor
Durlauf S. N., Blume L. E.
Edition
2e édition
Language
english
Abstract
Gibrat's law states that a great deal of the evolution of firm size distribution over time is due to the action of chance. While chance is still seen as an important driver of the size of firms, recent studies call for chance to be supplemented by some more structured models in order to explain the observed patterns of firm size evolution.
Keywords
Concentration, Firm growth, Firm size, Firm size distribution, Gibrat's law, Heteroskedasticity
Create date
28/04/2017 14:57
Last modification date
20/08/2019 16:58
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