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Did Iraq Cheat the United Nations? Underpricing, Bribes, and the Oil for Food Program
Hsieh, Chang-Tai; Moretti, Enrico - 2021
From 1997 through early 2003, the United Nations Oil for Food Program allowed Iraq to export oil in exchange for humanitarian supplies. We measure the extent to which this program was corrupted by Iraq's attempts to deliberately set the price of its oil below market prices in an effort to...
Persistent link: https://www.econbiz.de/10013247853
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An Economic Perspective on Mexico's Nascent Deregulation of Retail Petroleum Markets
Davis, Lucas W. - 2018
Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline …, as well as about potential pitfalls. Turning Mexico's retail petroleum sector into a competitive market will not be easy … stations nationwide have carried the brand of the state-owned petroleum company Pemex and sold Pemex gasoline at federally …
Persistent link: https://www.econbiz.de/10012920356
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Coercion, Culture and Debt Contracts : The Henequen Industry in Yucatan, Mexico, 1870-1915
Alston, Lee J. - 2008
While most contemporary historians agree that the use of debt peonage as a coercive labor contract in Mexico was not … watch property rights were reallocated through land laws, and Mexico's economy became much more closely tied to the United …
Persistent link: https://www.econbiz.de/10012772383
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Efficiency Advantages of Grandfathering in Rights-Based Fisheries Management
Anderson, Terry L. - 2010
We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not...
Persistent link: https://www.econbiz.de/10013136355
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The Value of Flexible Work : Evidence from Uber Drivers
Chen, M. Keith - 2017
Participation in non-traditional work arrangements has increased dramatically over the last decade, including in settings where new technologies lower the transaction costs of providing labor flexibly. One prominent example of flexible work is the ride-sharing company Uber, which allows drivers...
Persistent link: https://www.econbiz.de/10012959372
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Rent Rigidity, Asymmetric Information, and Volatility Bounds in Labor Markets
Bruegemann, Bjoern - 2010
Recent findings have revived interest in the link between real wage rigidity and employment fluctuations, in the context of frictional labor markets. The standard search and matching model fails to generate substantial labor market fluctuations if wages are set by Nash bargaining, while it can...
Persistent link: https://www.econbiz.de/10012760187
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Analyzing the Influence of Occupational Licensing Duration and Grandfathering on Labor Market Outcomes
Han, Suyoun - 2016
The length of time from the implementation of an occupational licensing statute (i.e., licensing duration) may matter in influencing labor market outcomes. Adding to or raising the entry barriers are likely easier once an occupation is established and has gained influence in a political...
Persistent link: https://www.econbiz.de/10012979775
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Host-Mnc Relations in Resource-Rich Countries
Chichilnisky-Heal, Natasha - 2015
We discuss the relationship between a resource-rich developing country and a multi-national corporation (MNC) that is developing its resources for the international market. We model the connections between transparency, permeability (defined as the amount of resource rent that leaves the...
Persistent link: https://www.econbiz.de/10013011934
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A Theory of Falling Growth and Rising Rents
Aghion, Philippe - 2019
Growth has fallen in the U.S., while firm concentration and profits have risen. Meanwhile, labor's share of national income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which the driving force is falling firm-level costs of...
Persistent link: https://www.econbiz.de/10012859683
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Preventives Versus Treatments
Kremer, Michael - 2015
Preventives are sold ex ante, before disease status is realized, while treatments are sold ex post. Even if the mean of the ex ante distribution of consumer values is the same as that ex post, the shape of the distributions may differ, generating a difference between the surplus each product can...
Persistent link: https://www.econbiz.de/10013026315