This paper offers a new economic explanation for the observed inter-industry differences in the size distribution of firms. The empirical estimates-based on three temporal (1982, 1987, and 1992) cross-sections of the four-digit United States manufacturing industries-indicate that increased...

This paper uses an analytically tractable intertemporal framework for analyzing the dynamic pricing of a utility with an underdeveloped network (a typical case in most developing countries) facing a competitive fringe, short-run network adjustment costs, theft of service, and the threat of a...