S. V. Buldyrev

Rise and Fall of Business Firms (eBook, PDF)

A Stochastic Framework on Innovation, Creative Destruction and Growth

• Format: PDF

Produktbeschreibung

At the intersection between statistical physics and rigorous econometric analysis, this powerful new framework sheds light on how innovation and competition shape the growth and decline of companies and industries. Analyzing various sources of data including a unique micro level database which collects historic data on the sales of more than 3,000 firms and 50,000 products in 20 countries, the authors introduce and test a model of innovation and proportional growth, which relies on minimal assumptions and accounts for the empirically observed regularities. Through a combination of extensive stochastic simulations and statistical tests, the authors investigate to what extent their simple assumptions are falsified by empirically observable facts. Physicists looking for application of their mathematical and modelling skills to relevant economic problems as well as economists interested in the explorative analysis of extensive data sets and in a physics-orientated way of thinking will find this book a key reference.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 13. August 2020
• Englisch
• ISBN-13: 9781316814604
• Artikelnr.: 66231552

Autorenporträt

S. V. Buldyrev is Professor of Physics at Yeshiva University. His research interests span theoretical and computational statistical physics and its applications to various complex systems, physical chemistry, material science and biological physics.

Inhaltsangabe

Preface
1. Introduction
2. Empirical regularities
3. Innovation and the growth of business firms: a stochastic framework
4. Testing our predictions
5. Testing our assumptions
6. Conclusions
7. Appendices
References
Author index
Subject index.