Thomas, Julia K.; Palazzo, Dino; Khan, Aubhik; … - Society for Economic Dynamics - SED - 2011
The model we explore is in the spirit of Hopenhayn (1992) and, more directly, an extension of Clementi and Palazzo (2010). Our interest here is to better understand how selection reshapes the dynamics of macro aggregates in a general equilibrium setting with realistic firm-level investment...