On the Size Distribution of Business Firms
Open accessAbstract
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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- 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
- green
- papers.ssrn.com
- 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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