| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3065 |
| DP3065 Asset Pricing with Idiosyncratic Risk and Overlapping Generations | |
| Amir Yaron; Kjetil Storesletten; Chris Telmer | |
| 发表日期 | 2001-11-11 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Using a comprehensive data set of Portuguese manufacturing firms, we show that the firm size distribution is significantly right-skewed, evolving over time toward a log-normal distribution. We also show that selection accounts for very little of this evolution. Instead, we propose a simple theory based on financing constraint. A calibrated version of our model does a good job at explaining the evolution of the firm size distribution. |
| 主题 | Industrial Organization |
| 关键词 | Firm growth Financing constraints Firm size distribution |
| URL | https://cepr.org/publications/dp3065 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532097 |
| 推荐引用方式 GB/T 7714 | Amir Yaron,Kjetil Storesletten,Chris Telmer. DP3065 Asset Pricing with Idiosyncratic Risk and Overlapping Generations. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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