We study the equilibrium effects of the "S" dimension of ESG under imperfect competition in labor or product markets. We model ESG policies as constraints that boards place on managers to treat their stakeholders well. "Doing Well by Doing Good" holds for moderate ESG policies, which are...

Which products are potentially produced together? When demand for a product increases, which firms will supply it? Using multi-product production patterns within and across firms, we recover a continuous cost based distance between firms and unproduced products. Higher product distance implies...

It has been argued that since 2014, under the BJP-led central government, welfare benefits in India have become better targeted and less prone to clientelistic control by state and local governments. And moreover that this increased vote share of the BJP vis-a-vis regional parties. We test these...