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the opposite is true when we allow for market selection. Indeed, the growth behavior of the re-shaped (smaller) population … confirm the rejection of the Gibrat's law when our firm-level data are considered over the entire investigated period, while … of the survived most efficient firms is in line with the Law of Proportionate Effect; this evidence reconciles early and …
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deposits causes a preferential growth of banks with a fitness determined by the competitive advantage to attract permanent …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 …
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the supremum of the univariate skewness coefficient test over all linear combinations of the variables. We can simulate … power advantages over alternative approaches. Finally, we apply it to the joint distribution of US city sizes in two … consecutive censuses finding that non-normality is very clearly seen in their growth rates. …
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