Gibrat's Law for (All) Cities: Reply

摘要

Moshe Levy (2009) raises questions about the fit of the very upper tail of the city size distribution in Eeckhout (2004). More specifically, he is unsure about whether the upper tail fits the lognormal distribution. Basing his findings primarily on a graphical interpretation, he seeks to show that the conclusions of the analysis do not apply to the upper tail of the size distribution. In this reply, I show that the method on which his conclusion is based is unsubstantiated.