roductivity of each plant through positive externalities, shifting plant-level productivity distribution to the right. Selection … or that gglomeration promotes faster productivity growth. These findings imply that the plant-selection effect was the …

productivity of each plant through positive externalities, shifting plant-level productivity distribution to the right. Selection … or that agglomeration promotes faster productivity growth. These findings imply that the plant-selection effect was the …

-level productivity distribution to the right. Selection expels less productive plants through competition, which truncates the … distribution on the left. We find evidence of agglomeration effects that benefit less productive plants and selection effects in … studies that find positive agglomeration effects in the most productive firms, but no selection effects in cities (Combes et …

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 and institutions. Our analysis shows …