The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Apr, 1967, Volume 35, Issue 2
https://doi.org/0012-9682(196704)35:2<348:AMOBFG>2.0.CO;2-V
p. 348-355
Herbert A. Simon, Yuji Ijiri
A new method is proposed for deriving skew distributions of business firm sizes from the assumption of Gibrat's Law. The growth of the firm is decomposed into an industry-wide component and an individual component, the latter governed by a one-period Markov process. The model is fitted to data on the recent growth of large American firms.
November 16, 2023
I am delighted to welcome a new member to the Quantitative Economics editorial board. Effective July 1, 2024, Chao Fu (University of Wisconsin-Madison) will become a Co-Editor. Chao is a distinguished scholar with broad expertise in applied economics. Her knowledge and insight will be of great value to the journal.
