. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad …

harmful to inequality. We investigate if this relationship is equally compelling for developing countries in Asia where … corruption, inequality and shadow economies are considerably large. We use Panel Least Square and Fixed Effects Models for Asia … economies in South Asia, the income inequality tends to fall …

According to the widely known 'culture of honor' hypothesis from social psychology, traditional herding practices are …, and large-scale surveys. The data show systematic links between traditional herding practices and a culture of honor …. First, the culture of pre-industrial societies that relied on animal herding emphasizes violence, punishment, and revenge …