A Structural Empirical Model of Firm Growth, Learning, and Survival / Jaap H. Abbring, Jeffrey R. Campbell.

Author
Abbring, Jaap H. [Browse]
Format
Book
Language
English
Published/​Created
Cambridge, Mass. National Bureau of Economic Research 2003.
Description
1 online resource: illustrations (black and white);

Details

Related name
Series
  • Working Paper Series (National Bureau of Economic Research) no. w9712. [More in this series]
  • NBER working paper series no. w9712
Summary note
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In the model, entrepreneurs have private and possibly error-ridden observations of persistent and transitory shocks to profit. We demonstrate that the model's parameters can be recovered from public observations of sales and survival, and we estimate them using monthly data from new bars in Texas. We find that entrepreneurs observe profit's persistent component without error. In this sense, their information is substantially superior to the public's.
Notes
May 2003.
Source of description
Print version record
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