2 papers
econ.GN2026
Scale Economies and Aggregate Productivity
Joel Kariel, Anthony Savagar
We develop a theoretical framework to investigate the link between rising scale economies and stagnating productivity. Our model features heterogeneous firms, imperfect competition…
econ.GN2025
Rising Marginal Costs, Rising Prices?
Joel Kariel, Anthony Savagar
We present empirical evidence on the relationship between demand shocks and price changes, conditional on returns to scale. We find that in industries with decreasing returns to sc…