Free market advocates consider consumer choice unambiguously welfare-enhancing but consumers are often unable to make choices aligned with their well-being, and being disempowered might sometimes drive preference for products with questionable impact. We contribute to this debate on corporate...

Free market advocates consider consumer choice unambiguously welfare-enhancing, but critics argue that availability of certain products can be detrimental for society. Contributing to this debate, we study the case of controversial skin whitening products sold widely in emerging markets....

Global shocks bring unanticipated changes in the business environment of foreign multinational enterprises (MNEs) and rival domestic firms. We examine whether there is a difference between how MNEs and domestic firms react in heterogeneous local or subnational markets to a global demand shock....