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Luttmer, Erzo Gerrit Jan - 2009

Persistent link: https://www.econbiz.de/10003847679

New goods and the size distribution of firms

Luttmer, Erzo Gerrit Jan (contributor) - 2007

This paper describes a simple model of aggregate and firm growth based on the introduction of new goods. An incumbent firm can combine labor with blueprints for goods it already produces to develop new blueprints. Every worker in the economy is also a potential entrepreneur who can design a new...

Persistent link: https://www.econbiz.de/10003479619

Models of growth and firm heterogeneity

Luttmer, Erzo Gerrit Jan - 2010

Persistent link: https://www.econbiz.de/10008667052

Financial innovation and financial fragility

Gennaioli, Nicola; Shleifer, Andrei; Vishny, Robert W. - 2010 - Second draft: May 2010

We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions. First, investors (and possibly intermediaries) neglect certain unlikely risks. Second, investors demand securities with safe cash...

Persistent link: https://www.econbiz.de/10008737158

Consumer search and firm growth

Luttmer, Erzo Gerrit Jan (contributor) - 2006

This paper presents a simple model of search and matching between consumers and firms. The firm size distribution has a … Pareto-like right tail if the population of consumers grows at a positive rate and the mean rate at which incumbent firms … and the 10% annual gross entry rate of new firms observed in the data suggest that more than a third of all consumers must …

Persistent link: https://www.econbiz.de/10003388743

Slow convergence in economies with firm heterogeneity /􀀆 Erzo G.J. Luttmer

Luttmer, Erzo Gerrit Jan - 2012

Persistent link: https://www.econbiz.de/10009509563

The stolper-samuelson effects of a decline in aggregate consumption

Luttmer, Erzo Gerrit Jan - 2013

Persistent link: https://www.econbiz.de/10009722432

Eventually, noise and imitation implies balanced growth

Luttmer, Erzo Gerrit Jan - 2012

Persistent link: https://www.econbiz.de/10009614088

On the mechanics of firm growth

Luttmer, Erzo Gerrit Jan (contributor) - 2008

Given a common technology for replicating blueprints, high-quality blueprints will be replicated more quickly than low-quality blueprints. If quality begets quality, and firms are identified with collections of blueprints derived from the same initial blueprint, then, along a balanced growth...

Persistent link: https://www.econbiz.de/10003722986

The size distribution of firms in an economy with fixed and entry costs

Luttmer, Erzo Gerrit Jan (contributor) - 2004

Persistent link: https://www.econbiz.de/10002126558