I measure the monetary value of transaction costs associated with China’s rural land rental market, confirming rumors that have appeared in the literature. I demonstrate that the ex-ante bargaining costs associated with contractual formality represent the main transaction costs in the market....

Using a new quarterly panel database on remittances (71 countries over the period 2011Q1- 2020Q4), this paper investigates the elasticity of remittances to transaction costs in a high frequency and dynamic setting. It adds to the literature by systematically exploring the heterogeneity in the...