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A Unified Theory of Firm Selection and Growth
Arkolakis, Costas - 2011
This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...
Persistent link: https://www.econbiz.de/10013119036
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Endogenous number of firms, horizontal concentration and heterogeneity of firms : a note
Münter, Markus Thomas - In: Economics letters 154 (2017), pp. 74-76
Persistent link: https://www.econbiz.de/10011810733
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Regulation of Entry and the Distortion of Industrial Organization
Fisman, Raymond J.; Sarria-Allende, Virginia - 2021
We study the distortions to industrial organization caused by entry regulation. We take advantage of heterogeneity across industries in their natural barriers and growth opportunities to examine whether some industries are differentially affected by country-level entry regulation. In industries...
Persistent link: https://www.econbiz.de/10013228268
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Entry, Pricing and Product Design in an Initially Monopolized Market
Davis, Steven J.; Murphy, Kevin M.; Topel, Robert H. - 2021
We analyze entry, pricing and product design in a model with differentiated products. Under plausible conditions, entry into an initially monopolized market leads to higher prices for some, possibly all, consumers. Entry can induce a misallocation of goods to consumers, segment the market in a...
Persistent link: https://www.econbiz.de/10013228967
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Productivity and Misallocation in General Equilibrium
Baqaee, David - 2017
This paper develops a general theory of aggregation in inefficient economies. We provide non-parametric formulas for …
Persistent link: https://www.econbiz.de/10012943616
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Agro-Ecosystem Productivity and the Dynamic Response to Shocks
Chavas, Jean-Paul - 2016
This paper investigates the nonlinear dynamic response to shocks, relying on a threshold quantile autoregression (TQAR) model as a flexible representation of stochastic dynamics. The TQAR model can identify zones of stability/instability and characterize resilience and traps. Resilience means...
Persistent link: https://www.econbiz.de/10012983434
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Networks and the Macroeconomy : An Empirical Exploration
Acemoglu, Daron - 2015
the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate … through the input-output network, with a pattern broadly consistent with theory. Quantitatively, the network-based propagation …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10013019498
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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
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Merchant Transmission Investment
Joskow, Paul L.; Tirole, Jean - 2021
We examine the performance attributes of a merchant transmission investment framework that relies on market driven …' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent … set of assumptions, the merchant investment model has a remarkable set of attributes that appear to solve the natural …
Persistent link: https://www.econbiz.de/10013218795
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Firm Heterogeneity, Endogenous Entry, and the Business Cycle
Ottaviano, Gianmarco I.P. - 2011
This paper investigates the role that the entry and exit of heterogeneous firms plays in shaping aggregate fluctuations in economic activity. In so doing, it develops a dynamic stochastic general equilibrium model in which procyclical entry and countercyclical exit along a real business cycle...
Persistent link: https://www.econbiz.de/10013120283