Financial sector has a key part of an economy for development of the society as well as developing nation. So the main emphasis has to be on growth of financial system as well as growth of financial positions of all the citizens of the country for the inclusive and sustainable development. Thus...

Concept of microfinance is emerged in order to meet the goal of empowerment of women, specially related to low-income and weaker section of society. Microfinance plays an important role in order to provide an entrepreneurial option for women, who are socially disadvantaged and economically...

We study the price effects of consolidation in the car rental industry using three cross-sections of price data from US airport markets spanning the years 2005 to 2016. The auto rental industry went through a series of mergers during this period, leading to a significant increase in market...

Consumer response to transitory income shocks is of academic interest in many disciplines. During the 2020 COVID-19 epidemic, the Federal government in the US passed the CARES Act that among other measures provides direct payments to households. In this article we utilize a large database on...

Hoarding of staples has long worried policymakers due to concerns about shortages. We quantify how sticky store prices --- delayed price adjustment to shocks by reputable retailers --- exacerbate hoarding. When prices are sticky, households hoard not only for precautionary motives but also...

Hoarding by large speculators is often blamed for contributing to commodity market panics and bubbles. Using supermarket scanner data on US household purchases during the 2008 Rice Bubble, we show that hoarding is in fact more systemic, affecting even households who have no resale motive. Export...

The prevalence of strong brands such as Coca-Cola, McDonald’s, Budweiser, and Marlboro in “vice” categories has important implications for regulators and consumers. While researchers in multiple disciplines have studied the effectiveness of anti-tobacco counter-marketing strategies, little...

During the 2020 COVID-19 epidemic, the US Congress passed the CARES Act that (among other measures) provides direct payments to households. Using a large debit cards database, we analyze consumer expenditures following the stimulus payments. We observe Zip code level daily transactions (approx....

We show that sticky prices exacerbate household hoarding of storable goods. When stores are slow to adjust prices following a cost shock, households have an incentive to stockpile just as in a typical retail sale. This incentive is present even in the absence of traditional panic or...