Modelling Firm and Market Dynamics - A Flexible Model Reproducing Existing Stylized Facts

This paper presents a firm and market model that is able to reproduce the empirically observed patterns on firm growth and its statistical characteristics. It goes beyond the existing firm models by reproducing all stylized facts established in the literature. Furthermore, the model is flexible so that it can be adapted to certain industries and life-cycle stages. We analyse and discuss the options that are provided by the various parameters in this sense.

MoreLess

Year of publication:	2014-11-25
Authors:	Brenner, Thomas ; Duschl, Matthias
Institutions:	Volkswirtschaft Abteilung, Fachbereich Wirtschaftswissenschaften
Subject:	Firm model \| firm growth \| market model \| industry dynamics

More details

Extent:	application/pdf
Series:	Working Papers on Innovation and Space.
Type of publication:	Book / Working Paper
Notes:	Number 2014-07 24 pages
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; L25 - Firm Size and Performance ; O12 - Microeconomic Analyses of Economic Development ; C15 - Statistical Simulation Methods; Monte Carlo Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011099024