In this paper we investigate the relationship between females among the first hires of start-up companies and business success. Our results show that firms with female first hires have a higher share of female workers at the end of the first year after entry. Further, we find that firms with...

A recent paper of Carvajal, Deb, Fenske, and Quah (Econometrica 2013) applies the revealed preference approach in the context of a quantity competition oligopoly game. This paper aims to present a different solution concept for an evolutionary model in the asymmetric oligopoly setup where firms...

In many countries, the transition process towards a low-carbon economy has been associated with increasing electricity prices. Microeconometric evaluations of the causal impact of electricity price changes on plant-level outcomes are rare, though. By exploiting local randomization induced by...

Does higher medical spending improve quality of care? We estimate the effect of changes in regulated reimbursement prices for hospitals on multiple dimensions of hospital quality, including mortality outcomes, surgical complications, process quality, and patient satisfaction. We exploit an...

In February 2017, Portugal implemented a tax on sugar-sweetened beverages (SSBs), under which producers were to be taxed according to the amount of sugar contained in the drinks they manufactured. We exploit administrative accounting data covering the universe of Portuguese firms between 2012...

This paper assesses the potential impact of the European Union Emissions Trading System (EU ETS) on firm productivity. We estimate a stylized version of the neo-Schumpeterian model, which incorporates innovation and productivity catch-up as two potential sources of firm's productivity growth,...

This paper investigates the impact of temperature on operating revenue as a measure of economic output for more than a quarter of a million business group firms operating in 32 countries. For this purpose, we construct a novel global dataset that combines information on firm financials,...

Diffusion of technology that improves welfare is a global policy priority. We study the market for energyefficient biomass cookstoves in rural Senegal. Our surveys cover stove producers and intermediary vendors on the supply side and also elicit demand from rural households using real-purchase...

When properly implemented, Randomized Controlled Trials (RCT) can achieve a high degree of internal validity. Yet, if an RCT is to inform policy interventions that extend beyond the experimental population, it is critical to establish external validity. In this paper, we first present a...

We conduct a framed field experiment in Indonesian fishing communities, with an eye towards evaluating the potential of Territorial Use Rights for Fisheries (TURFs) to preserve coral reef fisheries. Conducted in three culturally distinctive sites, the study assembles groups of five fishers who...