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monotone, i.e., high-productivity enterprises integrate while the low-productivity ones stay separate. Product market price can …
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We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more … than productivity dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect …
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We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices … facts, demand dispersion has unambiguously negative effects on output via a "wait and see" channel. Productivity dispersion … and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than …
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versions is larger, the variance in costs is smaller, and demand ex ante differs less between versions. Under simple conditions …
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