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mutual competition. Their market shares are therefore governed by a Fisher-Pry law while the total unit sales are governed by …
Persistent link: https://www.econbiz.de/10011331418
on the idea that the size distribution is the result of the competition between banks for permanent deposit money. The …
Persistent link: https://www.econbiz.de/10010332949
difference to the Walrasian picture in standard microeconomics. The reason for this statement is that competition between …, demand increases or is equal to supply, competition breaks down and the price exhibits a jump. When this supply shortage is …
Persistent link: https://www.econbiz.de/10009504197
diffusion, even when the price is constant. In the latter case the mutual competition between the brands leads with time to a … Gibrat's rule of proportionate growth is a direct consequence of the competition between the brands. The model allows a … derivation of the lognormal size distribution of product sales and the logistic replacement of durables in competition. A …
Persistent link: https://www.econbiz.de/10009504198
mutual competition. Their market shares are therefore governed by a Fisher-Pry law while the total unit sales are governed by …
Persistent link: https://www.econbiz.de/10011335044
An evolutionary model of the bank size distribution is presented based on the exchange and expansion of deposit money. In agreement with empirical results the derived size distribution is lognormal with a power law tail. The key idea of the theory is to regard the creation of money as a slow...
Persistent link: https://www.econbiz.de/10010193850