Assenza, Tiziana; Delli Gatti, Domenico; Grazzini, Jakob; … - 2016
In his seminal paper, starting from the premise that productivity is heterogeneous across firms, Melitz (2003) nicely … accounts for the stylized fact that the level of individual productivity is key in determining the capability of a firm to … depends on both productivity and net worth, and both are heterogeneous across firms. We show that firms with low productivity …
