Robert Lucas's Models of Firm Size Distributions and Investment

• 成果类型: Article; Early Access
• 署名作者: Jovanovic, Boyan
• 署名单位: New York University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/738000
• 发表日期: 2025
• 关键词: adjustment costs; aggregate; ORGANIZATION; MARKET; RISK

摘要

This paper examines three influential papers by Lucas that have become essential references in the economic literature. The first paper explores the size distributions of firms, while the other two investigate the relationship between firms' investments, their valuations, and their rates of growth. These seminal papers have inspired numerous subsequent studies, significantly advancing our understanding of firm dynamics and investment behavior.