We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …

A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far … there is no appropriate theoretical model to explain the underlying forces of this observation. This paper analyzes an … oligopoly model with asymmetric multiproduct frms, which is capable of addressing this issue. The model suggests that intangible …

diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … encourage more stable long-run economic growth. Thereafter, the paper considers Iceland as a case study of the intertwined … effects of insufficient economic and insufficient political diversification. Dominated for decades by the fishing industry …

We study the investor behavior on a leading peer-to-business lending platform and find evidence of two new investment …-return profile of investors' loan portfolios. Second, investors are unable to cope with a glut of loan campaigns. Similar to the … become available on the platform. Deeper markets also result in a deterioration of investors' risk-return profiles. Third …

and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown …. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …

Because excessive specialization can be risky, diversification matters for sustainable development. A case study of … Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of … production possibilities to illuminate the possible contribution of diversification to economic and social development in …

, reduce their bank lending, lower their investment rate and labor productivity, and reduce their output and TFP growth by … market. The evidence highlights the benefits of financial market integration. …

One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on … costs in terms of their labor spending to adhere to government rules. Using comprehensive establishment-level occupational … microdata and occupation-specific task information, we recover the proportion of a firm's wage bill attributable to employees …

The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a … simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to … illustrate some of the results that emerge in the two-sided market literature, as well as to discuss some new aspects. The first …