English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

This paper develops a model with multiple market locations in which the quality of intangible assets of Þrms, provided by management, determines the Þrms' performance. Despite an ex ante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to Þrms tends to be asymmetric. This sorting outcome determines both the goods market structure at single locations and the size distribution of Þrms. Results are consistent with a number of observed patterns regarding the size distribu- tion of Þrms and establishments, and the relation of Þrm size to proÞtability, productivity, managerial skills and manager remuneration.

Managerial Job Assignment and Imperfect Competition in Asymmetric Equilibrium