@techreport{Kaas2016dynam-38315,
  year={2016},
  series={Society for Economic Dynamics : 2016 Meeting Papers},
  title={Firm dynamics with frictional product and labor markets},
  number={1033},
  url={https://ideas.repec.org/p/red/sed016/1033.html},
  author={Kaas, Leo and Kimasa, Bihemo Francis}
}

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    <dcterms:abstract xml:lang="eng">We examine empirically and theoretically the joint dynamics of prices, output, employment and wages across firms. We first analyze administrative firm data for the German manufacturing sector for which price and quantity information at the nine-digit product level, together with employment, working hours and wages are available. We then develop a dynamic model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Prices and wages are dispersed across firms, reflecting differences in firm productivity and demand. Productivity and demand shocks have distinct implications for the firms' employment, output and price adjustments. In a quantitative analysis, we evaluate the model predictions against the data.</dcterms:abstract>
    <dc:contributor>Kimasa, Bihemo Francis</dc:contributor>
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    <dc:contributor>Kaas, Leo</dc:contributor>
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    <dc:creator>Kimasa, Bihemo Francis</dc:creator>
    <dcterms:title>Firm dynamics with frictional product and labor markets</dcterms:title>
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