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Do information frictions limit the benefits of financial inclusion drives for the rural poor? We evaluate an experimental intervention among recently banked poor Indian women receiving government cash transfers via direct deposit. Treated women were provided automated voice calls confirming...
Persistent link: https://www.econbiz.de/10013334506
We derive conditions under which cost-increasing measures - consistent with either regulatory constraints or fully expropriated taxes - can increase the profits of all agents active within a common-pool resource. This somewhat counterintuitive result is possible regardless of whether price is...
Persistent link: https://www.econbiz.de/10012463563
. Regulation, tax, and Coasean exchange, such as through cap-and-trade regimes, are presented as substitutes, based on the relative …I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I … for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …
Persistent link: https://www.econbiz.de/10012456769
In collaboration with a state environmental regulator in India, we conducted a field experiment to raise the frequency … these results and recover the full costs of environmental regulation, we model the regulatory process as a dynamic discrete … costs of environmental regulation are largely reserved for extremely polluting plants. Applying the cost estimates to the …
Persistent link: https://www.econbiz.de/10012458075
and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both … the insurance market (which is the current regulatory practice in India and other developing countries), makes wage …
Persistent link: https://www.econbiz.de/10012458852
results suggest reformed incentives for third-party auditors can improve their reporting and make regulation more effective …
Persistent link: https://www.econbiz.de/10012459403
In developing economies, mobile-linked services have the potential to significantly reduce transaction costs and provide a truly new conduit that could be used to facilitate the flow of savings into banks. We test this premise by introducing a product that permits Sri Lankan households to...
Persistent link: https://www.econbiz.de/10012481004
We document cash management patterns for households that are at odds with the predictions of deterministic inventory models that abstract from precautionary motives. We extend the Baumol-Tobin cash inventory model to a dynamic environment that allows for the possibility of withdrawing cash at...
Persistent link: https://www.econbiz.de/10012465235
We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors' deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...
Persistent link: https://www.econbiz.de/10012466057
We seek to determine the causes and magnitudes of network externalities for the automated clearinghouse (ACH) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the parameters of the model using an indirect inference...
Persistent link: https://www.econbiz.de/10012466177