I develop a method to measure and separate the production misallocation caused by failures in factor markets versus … financial markets. When I apply the method to rice farming villages in Thailand I find surprisingly little misallocation …. Optimal reallocation would increase output in most villages by less than 15 percent. By 2006 most misallocation comes from …

from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated …

hence not a symptom of misallocation within the firm, but rather actions taken by the firm to mitigate external credit …

risks. Although SDP has been considered a source of misallocation, I show that, once entrepreneurial risks are taken into …

misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to … misallocation mechanism from other types of spillovers. We find a robust positive effect on free-market rents in response to the … clear sign of misallocation. Further, we document that the spillover brings forward demolitions of old, ramshackle buildings. …