Enrico D’Elia; Nascia, Leopoldo; Zeli, Alessandro - In: Rivista di Politica Economica (2014) 1, pp. 323-354
Firm’s size tipically changes through discrete leaps over time.The model of firm’s growth discussed here entails some nonstandard consequences. Firstly, profitability is not a continuous function of size, but exhibits a number of peaks. Secondly, investment increases in those firms where...
