Working paper available through PEDL. Published article available here.
Abstract
In economies with a continuum of agents of different types, pecuniary externalities are removed with market exchanges. Agents choose from among various possible prices they want to prevail in the future and buy or sell rights in these market exchanges for future trade. Each agent can choose the exchange it wants without regard to what any other agent is doing. But crucially, the right to trade in each and every exchange is priced. The fee structure has a per unit price and quantity decompostion: a price, as determined by the exchange chosen, times the quantity of rights acquired.
In response to the Covid-19 crisis, 186 countries implemented direct cash transfers to households, and 181 introduced in-kind programs that lowered the cost of utilities such as electricity, water, transport, and mobile money.
Organizational and managerial structure plays an important role in the productivity difference among firms. However, studies that assessed the quality of firm management and its link with their performance are still scanty.
Research suggests that partisanship and social media usage correlate with belief in COVID-19 misinformation, and that misinformation shapes citizens’ willingness to get vaccinated.
This article studies the structural aggregate productivity growth (APG) decomposition with demand- and supply-side controls, determines comparative statics predictions for firms and economic outcomes, and examines patterns of input distortions.
Landmines affect the lives of millions in many conflict-ridden communities long after the cessation of hostilities. However, there is little research on the role of demining.
A lack of trust in product quality can distort markets, reducing demand and investment. Can a low-touch information campaign improve confidence in fertiliser quality in Tanzania, raising demand for a critical agricultural input?