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




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.


Press 'enter' for creating the tag

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economic Inquiry
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, VW-C, WH-B
Language English
Title Tracing the Dynamics of Competition: Evidence from Company Profits
Volume 46
Number 2
Year 2008
Page from 208
Page to 213
Reviewed? Y
URL http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1120565


Gschwandtner, Adelina (Former researcher)
Crespo Cuaresma, Jesus (Details)
Institute for Statistics and Mathematics IN (Details)
Department of Economics (Crespo Cuaresma) (Details)
Google Scholar: Search