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We characterize the equilibrium and optimal resource allocations in a general equilibrium model of monopolistic competition with multiple asymmetric sectors and heterogeneous firms. We first derive general results for ad...Read more...
Kristian Behrens, Giordano Mion, Yasusada Murata and Jens Suedekum
6 December 2016
This paper studies how differences in the size of barriers to capital accumulation can account for differences in long run economic development paths. In this model barriers affect both the beginning date and the pace of...Read more...
L. Rachel Ngai