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We develop a distribution regression model under endogenous sample selection. This model is a semiparametric generalization of the Heckman selection model that accommodates much rich patterns of heterogeneity in the selection process and effect of the covariates. The model applies to continuous,...
Persistent link: https://www.econbiz.de/10011935935
We construct a theoretical model of the dynamic processes (firm entry, growth, decline, and exit) that underpin the determination of a limiting firm size distribution (FSD). In particular, we model such dynamic processes using key structural parameters; sunk cost, exogenous entry constraints,...
Persistent link: https://www.econbiz.de/10003870856
as no-effect, positive effect, or stochastic dominance. Our theory applies to general counterfactual changes and covers …
Persistent link: https://www.econbiz.de/10009741375
Persistent link: https://www.econbiz.de/10003519177