Micro-Level Misallocation and Selection
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DOI: 10.1257/mac.20160253
Abstract: How large are the aggregate productivity losses from the misallocation of resources across firms? With endogenous selection, microfrictions can induce extensive margin misallocation among firms: too many unproductive firms are active (Zombies), and too many… read more here.
Keywords: margin misallocation; misallocation; selection; extensive margin ... See more keywords