| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 962327 | Journal of International Economics | 2013 | 14 Pages |
Abstract
⺠Firm size follows Zipf's Law, a very fat-tailed distribution. ⺠This distribution is crucial for evaluating the welfare impact of economic policies. ⺠In a model calibrated to Zipf's Law the welfare impact of high entry costs is small. ⺠Under Zipf's Law, the welfare impact of the extensive margin of trade is negligible.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Julian di Giovanni, Andrei A. Levchenko,