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Author: Wenya Cheng
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We model firm adaptation to local factor markets in which firms care about both the price and availability of inputs. The model is estimated by combining firm and population census data, and quantifies the role of factor...Read more...
Wenya Cheng and John Morrow
1 March 2018
Optimal production decisions depend on local market characteristics. This paper develops a model to explain firm labor demand and firm density across regions. Firms vary in their technology to combine imperfectly substit...Read more...
Wenya Cheng, John Morrow and Kitjawat Tacharoen
13 December 2012