Replication data for: Power Laws in Economics: An Introduction
Principal Investigator(s): View help for Principal Investigator(s) Xavier Gabaix
Version: View help for Version V1
Name | File Type | Size | Last Modified |
---|---|---|---|
For-JEL-web-site-Power-laws-Gabaix-2016-JEP-data | 10/12/2019 06:06:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 02:06:PM |
Project Citation:
Gabaix, Xavier. Replication data for: Power Laws in Economics: An Introduction. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113966V1
Project Description
Summary:
View help for Summary
Many of the insights of economics seem to be qualitative, with many fewer reliable quantitative laws. However a series of power laws in economics do count as true and nontrivial quantitative laws—and they are not only established empirically, but also understood theoretically. I will start by providing several illustrations of empirical power laws having to do with patterns involving cities, firms, and the stock market. I summarize some of the theoretical explanations that have been proposed. I suggest that power laws help us explain many economic phenomena, including aggregate economic fluctuations. I hope to clarify why power laws are so special, and to demonstrate their utility. In conclusion, I list some power-law-related economic enigmas that demand further exploration.
Scope of Project
JEL Classification:
View help for JEL Classification
D01 Microeconomic Behavior: Underlying Principles
R11 Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
D01 Microeconomic Behavior: Underlying Principles
R11 Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.