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Robert Lucas’s Models of Firm Size Distributions and Investment

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  • Boyan Jovanovic

Abstract

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.

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  • Boyan Jovanovic, 2025. "Robert Lucas’s Models of Firm Size Distributions and Investment," Journal of Political Economy, University of Chicago Press, vol. 133(11), pages 3431-3448.
    • Handle: RePEc:ucp:jpolec:doi:10.1086/738000
    DOI: 10.1086/738000
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