A statistical equilibrium model of competitive firms

DOI10.1016/J.JEDC.2011.07.002MaRDI QIDQ428028zbMATH OpenOpenAlexFDO

Authors Simone Alfarano, Mishael Milaković, Albrecht Irle, Jonas Kauschke

Publication date 18 June 2012

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10234/48587

zbMATH Keywords

stochastic differential equationLaplace distributiondiffusion processmaximum entropy principlereturn on assetsexponential power distributionprofit ratestatistical equilibriumsubbotin distribution

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Applications of stochastic analysis (to PDEs, etc.) (60H30) General equilibrium theory (91B50)

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Cites work

• scientific article; zbMATH DE number 3736679 (Why is no real title available?)
• A generalized preferential attachment model for business firms growth rates. I. Empirical evidence.
• A statistical equilibrium theory of markets
• Diffusion-type models with given marginal distribution and autocorrelation function
• ON A CLASS OF SKEW DISTRIBUTION FUNCTIONS
• On the Gibrat Distribution
• Persistence of profitability and competition in emerging markets
• The Granular Origins of Aggregate Fluctuations
• The Novikov and entropy conditions of multidimensional diffusion processes with singular drift

Cited in

(22)

• Do firms share the same functional form of their growth rate distribution? A statistical test
• On a class of singular stochastic control problems for reflected diffusions
• Firm growth and Laplace distribution: the importance of large jumps
• What distinguishes individual stocks from the index?
• From entropy-maximization to equality-maximization: Gauss, Laplace, Pareto, and Subbotin
• On social inequality: analyzing the rich-poor disparity
• Beyond lognormal inequality: the Lorenz flow structure
• A mathematical model of enterprise competitive ability and performance through an Emden-Fowler equation. II
• Implications of quantal response statistical equilibrium
• Exploiting ergodicity in forecasts of corporate profitability
• Asymmetric competition, risk, and return distribution
• A model for scaling in firms' size and growth rate distribution
• Random walks and sustained competitive advantage
• On firm size distribution: statistical models, mechanisms, and empirical evidence
• Comparative statics of the firm
• On the physical interpretation of statistical data from black-box systems
• A statistical equilibrium approach to the distribution of profit rates
• Maximum likelihood estimation of asymmetric double type II Pareto distributions
• Zipf's law and maximum sustainable growth
• Capital mobility, quasi-rents, and the competitive self-organization of distributions of profitability
• The generalized lognormal distribution and the Stieltjes moment problem
• Sales and markup dispersion: theory and empirics

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