The promise of randomized controlled trials is that evidence gathered through the evaluation of a specific program helps us--possibly after several rounds of fine-tuning and multiple replications in different contexts--to inform policy. However, critics have pointed out that a potential...

Motivated by the quantitative and qualitative analysis of these early attempts, we adapted the approach and designed large-scale experiments in the states of Haryana and Uttar Pradesh to test two new scale-up models. In Haryana, teachers received support from government resource persons trained...

This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping and regulatory certification. Using differences in rating composition, default prediction and credit...