The Laplace illusion

Arnaud Manas

Physica A: Statistical Mechanics and its Applications, 2012, vol. 391, issue 15, 3963-3970

Abstract: It is shown that Gaussian mixture distributions cannot be distinguished from Laplace distributions and that the scaling relationship between the standard deviation of growth rates and the size of the firms is likely to be an artefact. A novel homogeneous dataset confirms both results.

Keywords: Firm growth rates; Laplace distribution; Scaling; Normal distribution (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:391:y:2012:i:15:p:3963-3970

DOI: 10.1016/j.physa.2012.03.017

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