Theory and Modern Applications
T | Firm 1 | Firm 2 | Firm 3 | Quadratic deviations | ||||
---|---|---|---|---|---|---|---|---|
Y(0) | 100 | Rank 1 | 0.2911 | 0.2895 | 0.4194 | 0.0030 | 0.0031 | 0.0111 |
Rank 2 | 0.3425 | 0.3662 | 0.2913 | |||||
Rank 3 | 0.3664 | 0.3443 | 0.2892 | |||||
250 | Rank 1 | 0.3156 | 0.3161 | 0.3683 | 0.0005 | 0.0005 | 0.0018 | |
Rank 2 | 0.3375 | 0.3463 | 0.3162 | |||||
Rank 3 | 0.3469 | 0.3376 | 0.3155 | |||||
500 | Rank 1 | 0.3238 | 0.3246 | 0.3517 | 0.0001 | 0.0001 | 0.0005 | |
Rank 2 | 0.3357 | 0.3400 | 0.3243 | |||||
Rank 3 | 0.3406 | 0.3354 | 0.3240 | |||||
750 | Rank 1 | 0.3273 | 0.3273 | 0.3454 | 0.0001 | 0.0001 | 0.0002 | |
Rank 2 | 0.3347 | 0.3379 | 0.3274 | |||||
Rank 3 | 0.3380 | 0.3348 | 0.3272 | |||||
1000 | Rank 1 | 0.3288 | 0.3287 | 0.3425 | 0.0000 | 0.0000 | 0.0001 | |
Rank 2 | 0.3344 | 0.3368 | 0.3288 | |||||
Rank 3 | 0.3368 | 0.3345 | 0.3287 | |||||
Ỹ(0) | 100 | Rank 1 | 0.1464 | 0.1447 | 0.7089 | 0.0554 | 0.0562 | 0.2116 |
Rank 2 | 0.3883 | 0.4654 | 0.1463 | |||||
Rank 3 | 0.4653 | 0.3899 | 0.1448 | |||||
250 | Rank 1 | 0.2581 | 0.2579 | 0.4840 | 0.0090 | 0.0090 | 0.0341 | |
Rank 2 | 0.3555 | 0.3863 | 0.2582 | |||||
Rank 3 | 0.3864 | 0.3558 | 0.2577 | |||||
500 | Rank 1 | 0.2949 | 0.2956 | 0.4096 | 0.0023 | 0.0023 | 0.0087 | |
Rank 2 | 0.3448 | 0.3599 | 0.2953 | |||||
Rank 3 | 0.3603 | 0.3446 | 0.2951 | |||||
750 | Rank 1 | 0.3082 | 0.3079 | 0.3840 | 0.0010 | 0.0010 | 0.0038 | |
Rank 2 | 0.3407 | 0.3513 | 0.3081 | |||||
Rank 3 | 0.3511 | 0.3409 | 0.3080 | |||||
1000 | Rank 1 | 0.3143 | 0.3142 | 0.3715 | 0.0006 | 0.0006 | 0.0022 | |
Rank 2 | 0.3391 | 0.3467 | 0.3143 | |||||
Rank 3 | 0.3467 | 0.3391 | 0.3143 |