Yi Fan Chen; Hsu, Wen-Tai; Peng, Shin Kun - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 1, pp. 341-380
innovation mechanism so as to endogenize the productivity distribution and generate both of the above-mentioned power laws. We … also investigate the model's welfare implications with regard to innovation by conducting a quantitative analysis of the …