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Abstract:

Economics of Industry Paper
Gibrat's Legacy
John Sutton
October 1996
Paper No' EI 14:
Full Paper (pdf)

Tags: robert gibrat; market structure; firm size; stochastic; industry structure; inegalites economiques; the law of proportional effect.

This paper traces the time series (?Growth of Firms?) tradition in the study of market structure and looks at how recent studies on entry and the size distribution of firms have modified thinking in this area.