This article characterizes the conditions under which holdout (i.e. bargaining inefficiency) may, or may not be significant in a two-sided, one-buyer-many-seller model with complementarity. Our central result is that the severity of holdout (i.e. inefficiency) is critically dependent on three...

This study examines the economic returns to beauty and unprotected sex in the commercial sex market in Bangladesh. The results show that there is a beauty premium for commercial sex work, but it is within the bounds of the economic returns to beauty for women in occupations that do not involve...

There is a growing number of studies investigating the tourism migration nexus from a theoretical perspective. The empirical literature on the topic however, lags behind. The aim of this paper is to test for the effect of immigration on tourism and to estimate tourism immigration elasticities....

Happiness surveys based on self-report can generate unreliable data due to respondents’ imperfect retrospection, vulnerability to context, and arbitrariness in measuring happiness. To overcome these problems, this article proposes to incorporate a method of measuring happiness, which is...

This paper examines economic returns to schooling for China’s Korean minority in the urban labour market using ordinary least squares (OLS) and two-stage least squares. The OLS estimates of the returns to schooling are similar to findings from recent studies for the Chinese urban labour...

This paper attempts to explore the causality relationship between outward foreign direct investment (OFDI) and home country economic growth using Malaysia as a case. The main findings do not advocate the OFDI-led growth hypothesis. In order to promote OFDI-led growth, the home government should...

To study whether foreign aid fuels personal, regional and ethnic favoritism, we use satellite data on nighttime light for any region in any aid-recipient country, and we determine for each year and each country the region in which the current political leader was born. Having a panel with 22,850...

We study non-collusive corruption in the education sector. For this purpose, we construct a simple theoretical model that captures non-collusive corruption between service providers (teachers) and service demanders (students). The model shows that the bribe paid by the service demander increases...

Appropriate pricing of water is critical for improving the efficiency of pipe-borne water supply systems in many developing countries. However, existing literature on residential, industrial and commercial water demand has primarily focused on developed countries. This paper estimates the demand...