This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The … analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as … inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …

innovations, and negatively correlated with inflation innovations. The disinflationary nature of news shocks is consistent with …

insurance turnover. Our empirical analysis indicates that frictions increase prices enough to transfer 13.2% of consumer surplus …

This paper is the first systematic attempt to measure the existence and degree of dowry inflation in South Asia. The … popular press and scholarly literature have assumed dowry inflation in South Asia for some time, and there are now a number of … systematic study of dowry inflation. Using large-sample retrospective survey data from India, Bangladesh, Pakistan, and Nepal, we …

costs exceed the benefits of brokers' knowledge and expertise. Thus, quantification of the net value of brokerage services … estimate the effect of a seller's decision to use a broker on list prices, selling prices, and speed of sale for a real estate … indicates that agency costs exceed the advantages of brokers' knowledge and expertise by a wide margin …

be performed at home or abroad, but offshoring entails costs that vary by task. In equilibrium, the tasks with the … highest offshoring costs may not be traded. Among the remainder, those with the relatively higher offshoring costs are …