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Business Cycle Fluctuations, Economic Growth & Granular Behavior: An Agent-Based Approach
(Universitat Jaume I, 2017-09-26)
This work proposes a generalization of Delli Gatti et al.’s (2005) model
in order to study the granular behavior observed empirically (Gabaix, 2011), namely
a few very large firms are able to account for a very high ...