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Selection and the evolution of industry
- Boyan Jovanovic
- Economics
- 1981
Proposes a theory that explains why smaller firms have higher and more variable growth rates than larger firms. Relying on employer heterogeneity and market selection to generate patterns of employer…
An Estimated Model of Entrepreneurial Choice under Liquidity Constraints
- David S. Evans, Boyan Jovanovic
- EconomicsJournal of Political Economy
- 1 August 1989
Is the capital function distinct from the entrepreneurial function in modern economies? Or does a person have to be wealthy before he or she can start a business? Knight and Schumpeter held different…
Job Matching and the Theory of Turnover
- Boyan Jovanovic
- EconomicsJournal of Political Economy
- 1 October 1979
A long-run equilibrium theory of turnover is presented and is shown to explain the important regularities that have been observed by empirical investigators. A worker's productivity in a particular…
Financial Development, Growth, and the Distribution of Income
- Jeremy Greenwood, Boyan Jovanovic
- EconomicsJournal of Political Economy
- 1 December 1989
A paradigm is presented in which both the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediation promotes growth because it allows a…
Inequality
- E. Glaeser, Boyan Jovanovic
- Economics, Sociology
- 1 December 1998
This paper reviews five striking facts about inequality across countries. As Kuznets (1955) famously first documented, inequality first rises and then falls with income. More unequal societies are…
The Life Cycle of a Competitive Industry
- Boyan Jovanovic, G. MacDonald
- EconomicsJournal of Political Economy
- 1 August 1993
Firm numbers first rise, then later fall, as an industry evolves. This nonmonotonicity is explained using a competitive model in which innovation opportunities fuel entry and relative failure to…
Firm-specific Capital and Turnover
- Boyan Jovanovic
- EconomicsJournal of Political Economy
- 1 December 1979
This is a model of permanent job separations when there are endogenous firm-specific human capital and intensity of on-the-job search. The result is a combination of human-capital theory with the…
"Learning by Doing and the Choice of Technology."
- Boyan Jovanovic, Yaw Nyarko
- Economics
- 1 May 1994
TLDR
Truthful Disclosure of Information
- Boyan Jovanovic
- Business
- 1982
This article is about disclosure of quality. The question that it seeks to answer is: Does the free market offer enough incentive for business to disclose? The article concludes that whether…
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