The study provides empirical evidence that a targeted policy can backfire because information signals affect non-targeted units. Specifically, the analysis of the policy aimed at regulating the harvesting of juvenile fish in Peru's Anchovy Fishery, by temporarily closing areas with high juvenile...

Does providing information improve citizens' perception about government transparency? Does all information matter the same for shaping perceptions about the government? This paper addresses these questions in the context of an online randomized survey experiment conducted in Argentina. Results...

I derive a formula for the equilibrium distribution of markups in the search- theoretic model of imperfect competition of Butters (1977), Varian (1980), and Burdett and Judd (1983). The level of markups and the sign of the relationship between a seller's markup and its size depends on the extent...