simple model we show that the power of elections as a selection and incentive device can be improved by requiring higher vote …

between them. The model can replicate stylised facts about sorting, agglomeration, and selection in cities. It can also …

-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … particular firm-product combinations. This cannot be explained by models assuming firm- or even firm-product level selection and …

from worker self-selection may not be matched by a corresponding social gain. In particular, the equilibrium incentive to …

We study a dynamic model where growth requires both long-term investment and the selection of talented managers. When … ability is not ex-ante observable and contracts are incomplete, managerial selection imposes a cost, as managers facing the … selection and investment that has implications for the choice of contractual relationships. Our analysis shows that rigid long …

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mecanism, by … in a way that favors the most profitable firm types. Selection may be inadequate because firms are being selected on the … basis of incorrect market signals. Selection itself may reinforce such mispricing, thus generating instability. I compare …

equilibrium seems to be largest when selection among heterogenous firms is needed most, that is, when there are relatively many …