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A unified theory of firm selection and growth

Arkolakis, Costas - 2009

This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …

Persistent link: https://www.econbiz.de/10003850872

Managerial job assignment and imperfect competition in asymmetric equilibrium

Grossmann, Volker - 2003

This paper develops a model with multiple market locations in which the quality of intangible assets of firms, provided by management, determines the firms. performance. Despite an ex ante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to firms...

Persistent link: https://www.econbiz.de/10011507690

Exchange competition, entry, and welfare

Cespa, Giovanni; Vives, Xavier - 2018

We assess the consequences for market quality and welfare of different entry regimes and exchange pricing policies in a context of limited market participation. To this end we integrate a two-period market microstructure model with an exchange competition model with entry in which exchanges...

Persistent link: https://www.econbiz.de/10011954459

Credit supply shocks and firm dynamics : evidence from Brazil

Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - 2023

We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

Persistent link: https://www.econbiz.de/10014391287

Growth expectations, undue optimism, and short-run fluctuations

Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2013

line with theory, induce a negative nowcast error but raise economic activity in the short run. They account for up to 30 …

Persistent link: https://www.econbiz.de/10010224834

Firm heterogeneity, capital misallocation and optimal monetary policy

González, Beatriz; Nuño, Galo; Thaler, Dominik; … - 2021

equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high … medium run. In the event of a cost-push shock, the central bank leans with the wind to increase demand and reduce …

Persistent link: https://www.econbiz.de/10012697125

Is capital a collusion device?

Feuerstein, Switgard; Gersbach, Hans - In: Economic theory : official journal of the Society for … 21 (2003) 1, pp. 133-154

Persistent link: https://www.econbiz.de/10001717370

Optimal R&D investment strategies with quantity competition under the threat of superior entry

Lukach, Ruslan (contributor); Kort, Peter M. (contributor); … - 2005

This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …

Persistent link: https://www.econbiz.de/10002576613

Dividend taxation and firm performance with heterogeneous payout responses

Bilicka, Katarzyna; Güçeri, Irem; Koumanakos, Evangelos P. - 2022

pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

Persistent link: https://www.econbiz.de/10013475268

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

-level investment is procyclical. We show that a heterogeneous-firm RBC model with quantitatively realistic countercyclically disperse … state investment rate distribution, produces investment dispersion that positively comoves with the cycle, with a …-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms …

Persistent link: https://www.econbiz.de/10003888063

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