Scaling invariant distributions of firms
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Corrado Di Guilmi; Mauro Gallegati; Paul Ormerod
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Article
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2004
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Elsevier Science
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English
β 186 KB
Self-similar models are largely used to describe the extinction rate of biological species. In this paper we analyse the extinction rate of ΓΏrms in eight OECD countries. Firms are classiΓΏed by industrial sectors and sizes. We ΓΏnd that while a power-law distribution with exponent close to 2 ΓΏts the e