A Stochastic Analysis of the Size Distribution of Firms

Irma G. Adelman

116 citations0/0 files storedJournal of the American Statistical Association

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Firm Innovation and Growth Merger and Competition Analysis Regional Economics and Spatial Analysis

Abstract

In the first section of this paper, the probabilistic method of Markov is applied to the analysis of an industrial structure. The concept of dynamic equilibrium for a group of firms is introduced, and a technique for exploring the characteristics of this state is presented. The applicability of this method is then illustrated by using it to investigate trends with respect to the concentration and mobility of firms in the iron and steel industry in the United States.

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1984Schumpeterian dynamics, Part II 1996The turnover of market leaders in UK manufacturing industry, 1979-86 1987Plant creation versus plant acquisition 1967Potential Entrants and Projections in Markov Process Analysis 1988A dynamic analysis of the size distribution of firms: The case of the US dairy industry 1989Confessions of an Incurable Romantic 1985A Markov Chain Analysis of Structural Changes in the Texas High Plains Cotton Ginning Industry 2011Firm Microstructure and Aggregate Productivity

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