livestock if economic returns are negative, or are these estimates wrong? We discuss potential explanations, including labor … market failures, for why livestock investments may persist. …

supermarket scanner data on US household purchases during the 2008 Rice Bubble, we show that hoarding is in fact more systemic …, which spilled over into US markets. Anticipating shortages, US households with previous purchases of rice, especially those … through over-extrapolation from high prices and contagion, as many households bought rice for the first and last time during …

The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the … high productivity in other tradable goods and services, meant that British producers of cotton textiles could not use … increasing wage and raw cotton costs before supply adjusted to the major increase in demand for inputs. On balance, the effects …

international trade in equity that encompasses complete and incomplete asset market scenarios. By separating asset prices and … net foreign equity holdings. First-order excess returns are unanticipated and i.i.d. in our model, but capital gains and … losses on equity positions feature persistent, anticipated dynamics in response to productivity shocks. The separation of …

shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …

This Paper analyses the relationship between different equity rules and the incentives to sign and ratify a climate …

effective way to increase the quality signal and attract patients. A regulator who is concerned about equity may protect the …, competition can improve equity by forcing the providers to increase quality for the majority group. …