India’s telecom sector can justifiably be classified as a success story judged by standards of rapid but inclusive growth and industry competitiveness. The Indian government has recently announced an auction to award licenses for the spectrum enabling rollout of the 3G and Broadband Wireless...

We test whether occupational licensing undercuts a key goal of digital marketplaces-- to increase social surplus by increasing the effectiveness of customer search. Our setting is a large online marketplace in the $500B home services industry where a platform converts customer search into sales...

Mineral deposits are non-renewable; they do not grow in the ground. Sustainable use of finite mineral wealth requires that revenues from mineral extraction be invested in renewable wealth, education and infrastructure, machines and other production equipment, or in financial assets. Different...