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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| 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 |