by firms subsequently to production operations. We then use the model to investigate how distribution shapes innovation … implications for innovation. The per-unit cost implies that factory-specific productivity improvements cannot sustain steady … distribution, it becomes harder to increase sales through cost reduction. Quality improvement, on the other hand, raises the …

) metaphor to intrinsically encapsulate the uncertainties of discovery, knowledge generation, and innovation is original and …

-run productivity distribution can be described as a traveling wave with tails following a Pareto as can be observed in the empirical …We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R\&D, or …