| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1111/meca.12134 |
| ISBN | 0026-1386 |
| A statistical equilibrium approach to the distribution of profit rates. | |
| Scharfenaker, Ellis; Semieniuk, Gregor | |
| 发表日期 | 2017-07-01 |
| 出处 | Metroeconomica |
| 出版者 | Wiley-Blackwell |
| 出版年 | 2017 |
| 页码 | 465-499 |
| 语种 | 英语 |
| 摘要 | Motivated by classical political economy we detail a probabilistic, “statis- tical equilibrium” approach to explaining why even in equilibrium, the equal- ization of profit rates leads to a non-degenerate distribution. Based on this approach we investigate the empirical content of the profit rate distribution for previously unexamined annual firm level data comprising over 24,000 publicly listed North American firms for the period 1962-2014. We find strong evidence for a structural organization and equalization of profit rates on a relatively short time scale both at the economy wide and one- and two-digit SIC industry levels into a Laplace or double exponential distribution. We show that the statistical equilibrium approach is consistent with economic theorizing about profit rates and discuss research questions emerging from this novel look at profit rate distributions. We also highlight the applicability of the underlying principle of maximum entropy for inference in a wide range of economic topics. |
| 特色分类 | HB0075 History of economics. History of economic theory Including special economic schools$HB0238 Competition. Monopolistic competition |
| 关键词 | Firm competition, Laplace distribution, Profit rate, Statistical equilibrium, Principle of Maximum Entropy |
| URL | http://sro.sussex.ac.uk/id/eprint/60618/ |
| 来源智库 | Science Policy Research Unit (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/468915 |
| 推荐引用方式 GB/T 7714 | Scharfenaker, Ellis,Semieniuk, Gregor. A statistical equilibrium approach to the distribution of profit rates.. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Scharfenaker Semieni（2002KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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