This repository was archived by the owner on Apr 24, 2020. It is now read-only.
This repository was archived by the owner on Apr 24, 2020. It is now read-only.
New lecture: Kesten processes and the Firm Size Distribution #747
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Description
Discuss Kesten processes and implications for heavy tails.
Application: Firm dynamics and the firm size distribution. Discuss approximate Gibrat law x' = A x + B and how it fits the data.
Add material on approximate Kesten processes: add a ref to NYU notes / book or HHT paper.