We examine the gains from globalization in the presence of firm heterogeneity and resource misallocation. Theoretically, we show that measured domestic aggregate productivity (AggProd) captures an economy’s effective productive capacity with or without distortions. However, it is not monotonic...

We generalize Klumpp, Konrad and Solomon's model (KKS Model) to multi-contestant sequential Colonel Blotto Games with prize functions where any contestant's prizes only depend on this contestant's own number of winning rounds. We show that with weakly monotonic prize functions and CSFs...