Innovation, firm size distribution, and gains from trade

Innovation, firm size distribution, and gains from trade

We study a trade model with monopolistic competition a la Melitz (2003) that is standard except that firm heterogeneity is endogenously determined by firms innovating to enhance their productivities. We show that the equilibrium productivity and firm-size distributions exhibit power-law tails under...

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Bibliographic Details
Main Authors: CHEN, Yi-Fan, HSU, Wen-Tai, PENG, Shin-Kun
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
Innovation
Power law
Regular variation
Welfare gains from trade
Firm heterogeneity.
Growth and Development
Income Distribution
Technology and Innovation
Online Access:https://ink.library.smu.edu.sg/soe_research/2196
https://ink.library.smu.edu.sg/context/soe_research/article/3195/viewcontent/productivity_investment_09042018_.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/2196
https://ink.library.smu.edu.sg/context/soe_research/article/3195/viewcontent/productivity_investment_09042018_.pdf

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