Markets

Bandits or States? Armed Group Expropriation Strategies and the Economy: Evidence from Eastern Congo

Building on previous exploratory work, this study utilizes data from conflict-affected Eastern Congo to examine the formation of ‘states’ by armed groups, their taxation activities, and policies aimed at reducing their state capacity. 

Research Project
29 Jun 2015

Direct and Indirect Impacts of Credit for SMEs

This randomized controlled trial in partnership with a development bank in the Philippines employs credit scoring for small and medium enterprise (SME) lending and measures the impact of credit on SME growth - both directly for firms receiving loans and indirectly for their competitors.

Research Note
19 Jun 2015

Price Setting Behaviour in Lesotho: Stylised Facts from Consumer Retail Prices

This paper by Edwards and Nchake (2015), published in the South African Journal of Economics, documents some of the main features of price-setting behaviour by retail outlets in Lesotho over the period March 2002 to December 2009.

Journal Article
1 Jun 2015

The Life Cycle of South African Manufacturing Firms

In this paper Andrew Kerr (2015) uses a new source of firm level panel data to describe and better understand the life cycle of South African manufacturing firms.

Working Paper
1 Jun 2015

Markup and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan

In this short paper, published in the American Economic Review, Atkin, Chaudhry, Chaudry, Khandelwal and Verhoogen (2015) directly asked firms about their mark-ups.

Journal Article
1 May 2015

Differentiation, Property Rights, and Performance Among Micro-entrepreneurs

In contexts where ownership as a mode of access to productive assets is limited, research shows that leasing has a strong positive impact on micro-entrepreneur performance and differentiation from competitors.

Research Note
10 Apr 2015

The Misallocation of Land and Other Factors of Production in India

This paper by Kerr, Duranton, Grover and Ghandi (2015) quantifies the misallocation of manufacturing output and factors of production between establishments across Indian districts during 1989–2010.

Working Paper
1 Mar 2015

Barriers to Private-Sector Arbitrage in Kenyan Maize Markets

Limited access to capital, risk of unpredictable price fluctuations, and the availability of more profitable alternatives may limit traders’ willingness to arbitrage away seasonal price fluctuations in African agricultural markets.

Research Note
24 Feb 2015

The Impact of Cartels in Low-Income Countries (ICLIC)

An estimation of the aggregate economic harm caused by cartels in developing countries provides evidence that it can be substantial irrespective of the scale of the economy in question.

Research Note
20 Feb 2015

Spatial Competition among Financial Service Providers and Optimal Contract Design

In this working paper Townsend and Zhorin (2014) present a contract-based model of industrial organization that allows us to consider in a unified way both different information frictions (moral hazard, adverse selection, both) and a variety of market structures (monopoly, imperfect competition,

Working Paper
28 Dec 2014

Pages