The exponential age distribution and the Pareto firm size distribution

Recent work drawing on data for large and small firms has shown a Pareto distribution of firm size. We mix a Gibrat-type growth process among incumbents with an exponential distribution of firm's age, to obtain the empirical Pareto distribution.

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Year of publication:	2008-09-24
Authors:	Coad, Alex
Institutions:	Wirtschaftswissenschaftliche Fakultät, Friedrich-Schiller-Universität Jena
Subject:	Firm size distribution \| Firm growth \| Gibrat's Law \| Pareto distribution \| Zipf Law

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Extent:	application/pdf
Series:	Jena Economic Research Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2008-072
Classification:	L20 - Firm Objectives, Organization, and Behavior. General ; L25 - Firm Size and Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005032025