Cited by 3,236Firm Innovation and GrowthEconomic Theory and InstitutionsEconomic Growth and Productivity

On the Size Distribution of Business Firms

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Lucas, Robert E.·1978·The Bell Journal of Economics

Abstract

This paper proposes a new theory of the size distributions of business firms. It postulates an underlying distribution of persons by managerial "talent" and then studies the division of persons into managers and employees and the allocation of productive factors across managers. The implications of the theory for secular changes in average firm size are developed and tested on U.S. time series.

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Crossref · 10.2307/3003596

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Authors
Lucas, R. E.
Corresponding author
Lucas, Robert E.
Venue
The Bell Journal of Economics
Publisher
JSTOR
Published
1978
Volume
9
Issue
2
Pages
508
ISSN
0361-915X (ISSN-L)
OpenAlex
W2096416136
Cited by
3,236
References
0
Citations by year
2026: 45 · 2025: 92 · 2024: 88 · 2023: 115 · 2022: 92 · 2021: 145 · 2020: 150 · 2019: 116 · 2018: 141 · 2017: 114 · 2016: 129 · 2015: 167 · 2014: 184 · 2013: 172 · 2012: 154
FWCI
3.52
Type
journal article
Language
en
Open access
Locations
  • The Bell Journal of Economics (publishedVersion)
  • SSRN Electronic Journal (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Firm Innovation and Growth
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
Keywords
firm size distribution, managerial talent, management skills, division of labor, business entities

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