Selection effects with heterogeneous firms
We provide a general characterization of which firms will select alternative ways of serving a market. If and only if firms' maximum profits are supermodular in production and market-access costs, more efficient firms will select into the activity with lower market-access costs. Our result ap...
| المؤلفون الرئيسيون: | , |
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| التنسيق: | Working paper |
| منشور في: |
University of Oxford
2011
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