year, and because grain prices are low at harvest but rise over the year. We experimentally provided two saving schemes to …

We examine the distributional consequences of trade using the New World Grain Invasion that occurred in the second half … counterfactuals for the Grain Invasion, we show that geography is an important dimension along which these income distributional …

In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … behavior of local governments in Russia. First, capture by old firms, leading local governments to protect them from … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …