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• W2300109547 abstract "We derive exact conditions relating the distributions of firm productivity, sales, out- put, and markups to the form of demand; in particular, for a large family (including Pareto, log-normal, and Frechet), the distributions of productivity and output are the same if and only if demand is “CREMR” (Constant Revenue Elasticity of Marginal Revenue). Moreover, we use the Kullback-Leibler Divergence to quantify the information loss when a predicted distribution fails to match the actual one; and we find that, to explain the sales distribution, the choice between Pareto and log-normal productivity distributions matters less than the choice between CREMR and other demands." @default.
• W2300109547 created "2016-06-24" @default.
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• W2300109547 date "2015-12-21" @default.
• W2300109547 modified "2023-09-27" @default.
• W2300109547 title "Technology, demand, and the size distribution of firms" @default.
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• W2300109547 hasPublicationYear "2015" @default.
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