| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12044 |
| DP12044 Sales and Markup Dispersion: Theory and Empirics | |
| Peter Neary; Monika Mrazova | |
| 发表日期 | 2017-05-11 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new "CREMR" demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form (whether Pareto, lognormal, or Fréchet) in the cross section, and for Gibrat's Law to hold over time; it implies a new class of distributions well-suited to capture the dispersion of markups; and it provides a parsimonious fit for the distributions of sales and markups superior to most widely-used alternatives. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Cremr demands Gibrat's law Heterogeneous firms Kullback-leibler divergence Lognormal versus pareto distributions Sales and markup distributions |
| URL | https://cepr.org/publications/dp12044-0 |
| 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/540856 |
| 推荐引用方式 GB/T 7714 | Peter Neary,Monika Mrazova. DP12044 Sales and Markup Dispersion: Theory and Empirics. 2017. |
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