China's economy grew by an impressive 10 percent per year over four decades. Productivity improvements within sectors and gains from resource reallocation between sectors and ownership groups drove that expansion. However, productivity growth has declined markedly in recent years. This paper...

What determines the distribution of information acquired within the hierarchy of a public organization? Without market processes, the generation and absorption of information in bureaucracy relies on individual actors undertaking costly action to acquire it. This paper reports on comparisons...