Luttmer, Erzo G.J. - Federal Reserve Bank of Minneapolis - 2009
only stay in business by continuously paying a fixed cost. New firms can enter. Firms with a history of relatively good … Distribution of Business Firms,” Bell Journal of
Economics, vol. 9, no. 2, 508-523 (1978).
[14] Luttmer, E.G.J., “Selection, Growth ….
Suppose also firms can only stay in business by continuously paying a fixed cost. New firms can
enter. Firms with a history of …