Resource misallocation can lower aggregate total factor productivity (TFP).We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across...

As Kotler (2008) suggested, the marketplace is the location where goods and services are exchanged, so traders set up the product and buyers browse the merchandise. Consumer attitudes can be influenced by many factors outside the product attributes. Social and cultural environment as well as...

During the last decade changes have taken place in the structure of the expenditure of the Uruguayan households. In particular, the expenditure in health care raised and diversified. Using data from income and expenditure survey (Encuesta de Gastos e Ingresos 1994-95, Instituto Nacional de...

In this paper we are concerned with the estimation of income elasticities of environmental amenities. The novelty is the application of econometric methods that take into account the problem of measurement errors when estimating these elasticities, which are common in microeconomic data and are...

The value of time determines relative prices of goods and services, investments, productivity, economic growth, and measurements of income inequality. Economists in the 1960s began to focus on the value of non-work time, pioneering a deep literature exploring the optimal allocation and value of...

Adding the Voluntary Insurance, a new product in On-the-Go banking services, can be impetus meeting the 21st Century challenges. This new and increasing values are what will keep banks or firms be growing, which can facilitate economy booming in many countries such as Bangladesh. If there is no...

In today’s technology-driven world-economy, banking-services have been modernized where customers compete for comparative time-saving-options. Bangladesh, a developing country, is no exception. Besides traditional banking, Agent-banking, bKash, Western-Union etc. serve new-way...

This study aims to investigate the relationship between the religiously-induced internalized values of individuals and their specific attitudes regarding accepting corruption. Based on the premises of the New Institutional Economics, we propose that individual level institutions with regard to...

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks on an 11-point scale, we find...