How long do firms live? Research finds patterns of company mortality in market data
Wednesday, April 1, 2015 - 13:00
in Mathematics & Economics
It's a simple enough question: how long does a typical business have to live? Economists have been thinking about that one for decades without a particularly clear answer, but new research by scientists at the Santa Fe Institute in New Mexico reveals a surprising insight: publicly-traded firms die off at the same rate regardless of their age or economic sector.