We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

We study a large-scale intervention designed by civil society organizations to reduce vote buying in Uganda’s 2016 elections. We study this intervention in light of a model where incumbents benefit from a first-mover and valence advantage, vote buying and campaigning are complementary, and...