This paper presents a theoretical model in which, due to dissolution costs, the rate of growth of small Firms tends to be higher and more variable than that of larger firms. This model also predicts that for large firms the rate of growth is fixed, as claimed by Gibrat's Law.
|Number of pages||9|
|Journal||European Economic Review|
|State||Published - 1 Jan 1989|
ASJC Scopus subject areas
- Economics and Econometrics