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A Note on the Stability of Firm Size Distribution Functions for Western Cattle Ranches
Author(s) -
Ching C. T. K.
Publication year - 1973
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239133
Subject(s) - markov chain , distribution (mathematics) , exponential distribution , exponential function , stability (learning theory) , econometrics , mathematics , economics , statistics , computer science , mathematical analysis , machine learning
Negative exponential functions adequately describe the size distribution of western cattle ranches. Further, these functions were found to be sufficiently stable over time to be used in projecting future size distributions of firms. As such, these exponential functions provide an attractive alternative to Markov type projections.