We propose an approach to extend the standard framework of dynamic games to deal with multi-product firms. Our approach applies to industries with a large number of products offered by a small number of firms.

We propose an approach to extend the standard framework of dynamic games to deal with multi-product firms. Our approach applies to industries with a large number of products offered by a small number of firms.

This paper reviews the evidence on the importance of human capital for macro-economic development. Through the lens of a simple aggregate production function, human capital might increase output per capita by directly entering in the production process, incentivising the accumulation of...