Self-organising skew distributions in an agent-based model with applications to Gibrat's Law
Citation:
Ana Nelson, 'Self-organising skew distributions in an agent-based model with applications to Gibrat's Law', [thesis], Trinity College (Dublin, Ireland). Department of Economics, 2007, pp 251Download Item:
Abstract:
Three models for the firm size distribution are implemented using an Agent-Based Modelling (ABM) framework, and a theory explaining the source of a skew firm size distribution in one of the models is proposed. The variable effort model produces a skew distribution of firm sizes, we propose, due to the presence within the model of endogenous birth and proportional growth forces. These forces result from the instantiation within an agent-based model of contradictory microeconomic tendencies, namely the free riding tendency due to Cobb-Douglas income leisure preferences
and the increasing returns to scale of the firm production function. All of these elements have a role to play in the resultant generation of a skew firm size distribution.
Author: Nelson, Ana
Advisor:
Thijssen, JaccoPublisher:
Trinity College (Dublin, Ireland). Department of EconomicsNote:
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Full text availableKeywords:
Economics, Ph.D., Ph.D. Trinity College DublinMetadata
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