Managers of retail chains who seek to add new stores or close existing ones need to know the net impact of a store's opening/closure on the overall chain performance. This requires inferring the extent to which each store generates incremental sales as opposed to competing with other stores...

Entrepreneurs, even more than employees, tend to locate in regions in which they have deep roots ("home" regions). Here, we examine the performance implications of these choices. Whereas one might expect entrepreneurs to perform better in these regions because of their richer endowments of...

We formalize the idea that when managers require external investment to expand, higher-skilled firms will be more likely to diversify in equilibrium, even though managers can exploit asymmetric information about their ability to raise capital from investors. We exploit the timing of new fund...

A review and extended discussion is presented of The Cult of Statistical Significance: How the Standard Error Costs Us Jobs, Justice and Lives by Deirdre McCloskey and Stephen Ziliak, a work that raises important issues related to the practice of statistics and that has been widely commented...

India is making sound progress on poverty elimination for those who can work. Poverty amongst the elderly will then become the dominant form of poverty in India, since the elderly do not work and thus do not benefit from higher wages. Simple dole solutions will not work. The only solution is a...