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Tracing the Dynamics of Competition: Evidence from Company Profits

Cuaresma, Jesus Crespo, Gschwandtner, Adelina (2008) Tracing the Dynamics of Competition: Evidence from Company Profits. Economic Inquiry, 46 (2). pp. 208-213. ISSN 1465-7295. (doi:10.1111/j.1465-7295.2007.00062.x) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:40539)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
http://dx.doi.org/10.1111/j.1465-7295.2007.00062.x

Abstract

This article 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 process. Using the longest time series available on profits for more than a hundred U.S. firms, we find that there is ample evidence of time variation in the persistence parameter. (JEL L00, C22)

Item Type: Article
DOI/Identification number: 10.1111/j.1465-7295.2007.00062.x
Additional information: Output appeared in 2008 issue in final form. DOI implies available online in 2007, but was not submitted to RAE2008, and hence conforms with guidelines.; number of additional authors: 1;
Subjects: H Social Sciences
H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Stewart Brownrigg
Date Deposited: 07 Mar 2014 00:05 UTC
Last Modified: 16 Nov 2021 10:15 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/40539 (The current URI for this page, for reference purposes)

University of Kent Author Information

Gschwandtner, Adelina.

Creator's ORCID: https://orcid.org/0000-0002-6952-1782
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