Tracing the dynamics of competition: Evidence from company profits

Jesus Crespo Cuaresma and Adelina Gschwandtner

Vienna Economics Papers from University of Vienna, Department of Economics

Abstract: This paper proposes a simple approach to analyzing profit dynamics which allows for time-varying persistence of profits. The time series model is a simple autoregressive process where the dynamics of the persistence parameter follow an autoregressive or random walk process. Using the longest time series available on profits for six US firms (Archer-Daniels-Midland, Avon, Coca Cola, Johnson & Johnson, WHX Corporation and Wrigley), we analyze the dynamics of profitt persistence for the second half of the twentieth century.

JEL-codes: C22 L00 (search for similar items in EconPapers)
Date: 2005-03
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https://papersecon.univie.ac.at/RePEc/vie/viennp/vie0504.pdf (application/pdf)

Related works:
Journal Article: TRACING THE DYNAMICS OF COMPETITION: EVIDENCE FROM COMPANY PROFITS (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:vie:viennp:vie0504

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