Showing 1 - 10 of 146
Cartels participating in procurement auctions frequently use bid rotation or prioritize incumbents to allocate contracts. However, establishing a link between observed allocation patterns and firm conduct has been difficult: there are cost-based competitive explanations for such patterns. We...
Persistent link: https://www.econbiz.de/10012814400
We examine the institutional details of the school milk procurement process, bidding data, statements of dairy executives, and supply characteristics in Ohio during the 1980's. We compare the bidding behavior of a group of firms to a control group. We find that the behavior of each of the firms...
Persistent link: https://www.econbiz.de/10012472780
international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union …
Persistent link: https://www.econbiz.de/10011395038
This paper investigates the impact on bank stock prices of emerging market currency crises and bailouts. The stock market distinguishes between banks with exposure to a crisis country and other banks. In general, banks with exposures to a crisis country are affected adversely by currency events...
Persistent link: https://www.econbiz.de/10012471245
Most aggregate theories of financial frictions model credit available at a single cost of financing but rationed. However, using a comprehensive firm-level credit registry, we document both high levels and high dispersion in credit spreads to Brazilian firms. We develop a quantitative dynamic...
Persistent link: https://www.econbiz.de/10012510514
cases to courts within judicial districts in the state of Sao Paulo in Brazil to study the effect of pro-labor bias on labor …
Persistent link: https://www.econbiz.de/10012510519
insights into what determines corruption and how to design policy to combat it. We estimate the model using data from Brazil to …
Persistent link: https://www.econbiz.de/10012510561
From 2011 to 2014, the Brazilian government conducted a heavily advertised major credit expansion program through government banks as part of its effort to stimulate the economy. Using administrative data on individual-level borrowing and spending, we find that the program led to a substantial...
Persistent link: https://www.econbiz.de/10012660064
Middlemen are ubiquitous in supply chains. In developing countries they help bring products from remote communities to end markets but may exert strong market power. We study a cooperative intervention which organizes together poor fishing communities in the Amazon -- one of the poorest and most...
Persistent link: https://www.econbiz.de/10012629441
using data from Brazil. We consider a search model where referral networks are segregated, firms are more informed about the …
Persistent link: https://www.econbiz.de/10012629466