Gschwandtner, Adelina, Crespo Cuaresma, Jesus. 2008. Tracing the Dynamics of Competition: Evidence from Company Profits. Economic Inquiry 46 (2): 208-213.

RIS

@ARTICLE{Gschwandtner2008,
title = {Tracing the Dynamics of Competition: Evidence from Company Profits},
author = {Adelina Gschwandtner and Jesus Crespo Cuaresma},
year = {2008},
url = {http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1120565},
volume = {46},
number = {2},
language = {EN},
pages = {208-213},
journal = {Economic Inquiry},
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.},
}