distribution regimes heavily affect macroeconomic performance: more unequal economies are exposed to more severe business cycles … business cycles, reduce unemployment and the likelihood of experiencing a huge crisis. In some circumstances they also affect …

-power (EP) densities, with Laplace fat tails. In this work, we assess whether Real Business Cycle (RBC) and standard medium …

complicit third parties (e.g. suppliers, clients, etc.). Our analyses contribute to the theory on the impact of business on …

firm size. Default events, defined as conditions of actual or likely insolvency, are a signal of deep business troubles … increases with their size. This finding contrasts with typical results on exit events based on business registries data, and …

at high and medium business-cycle frequencies. These results confirm the robustness of the fat-tail property of detrended … output time-series distributions and suggest that business-cycle models should take into account this empirical regularity. …

firm and the business environment and the mechanism by which firms sense and seize business opportunities. The model … skewed; just a few entities account for most of the business opportunities that arise during the simulation period. Moreover …

up on this topic, addressing the nature of the technological and organizational capabilities which business firms embody …

Department of Economics, Sam M. Walton College of Business, University of Arkansas, USA. E-mail: JReyes@walton.uark.edu Stefano … Evolution Giorgio Fagiolo Sant’Anna School of Advanced Studies, Laboratory of Economics and Management, Piazza Martiri della … Schiavo Department of Economics and School of International Studies, University of Trento, Italy and OFCE. E-mail: stefano …

in such a process, as the whole body of literature from business economics inspired by capability- based theories of the …), United Nations and Department of Economics, University of Venice. **LEM (Laboratory of Economics and Management), Scuola … Superiore Sant’Anna, Pisa and Visiting Professor University of Manchester. ***Columbia Business School, School of …