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. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …
Persistent link: https://www.econbiz.de/10013129907
has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10012764487
part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a … member of a given social network (a friend), by comparing the determinants of these two decisions for the same individual. We …'s trustworthiness leading to inefficient outcomes. Our findings suggest that even within a social network, trade may often be limited to …
Persistent link: https://www.econbiz.de/10013087403
Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...
Persistent link: https://www.econbiz.de/10013153013
Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...
Persistent link: https://www.econbiz.de/10012870295
This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross-country differences in key economic outcomes, such...
Persistent link: https://www.econbiz.de/10013153504
, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform …
Persistent link: https://www.econbiz.de/10013058310
in international data. More market orientation might be related to gender wage gaps via its effects on competition in … product and labor markets and the general absence of regulation in the economy. The first approach employs meta-analysis data …
Persistent link: https://www.econbiz.de/10013316922
punish each other (i.e., in a complete network). The architecture of social networks becomes important when individuals can … only monitor and punish the other individuals to whom they are connected by the network. We study several non …-trivial network architectures that give rise to their own distinctive patterns of behavior. Nevertheless, a number of simple, yet …
Persistent link: https://www.econbiz.de/10013136030
Why do farm households inefficiently allocate resources across the plots they cultivate? We explore how these production inefficiencies relate to consumption decisions and information sharing within the household. In a lab-in-the-field experiment, male producers allocate too few inputs to their...
Persistent link: https://www.econbiz.de/10012842042