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Power laws in economics and finance nber working paper. Most static theories of why firms existfor example, theories based on economies of scope, fixed costs, elasticity of demand, and the likewould not predict a zipfs law. No annoying ads, no download limits, enjoy it and dont forget to bookmark and share the love. An introduction 189 this finding has forced a rethinking of the underpinnings of firms. This article surveys welldocumented empirical power laws concerning income and.
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