Bhattacharya, Dhritman; Guner, Nezih; Ventura, Gustavo - In: Review of Economic Dynamics 16 (2013) 1, pp. 11-25
We develop a span-of-control model where managerial skills are endogenous and the outcome of investments over the life cycle of managers. We calibrate this model to U.S. plant-size data to quantify the effects of distortions that are correlated with the size of production units, and how these...