Dhawan, Rajeev; Guo, Jang-Ting - In: Economic Inquiry 39 (2001) 4, pp. 651-62
We develop a dynamic general equilibrium model, with large and small firms, to examine possible causes and welfare implications of a declining trend in small firms' share of U.S. output since 1958. Numerical experiments indicate that recent technological advances and government tiering policies...