-seeking activities in the form of bribes have aggregate effects through two channels. First, they generate misallocation of resources … those that succeed at rent-seeking. Second, such activities affect the allocation of resources within firms because rent …-seeking drives resources away from innovation. These two channels can help in understanding why Argentina has more misallocation …

makes it difficult to establish the relationship between the two. This study focuses on the misallocation of production … new evidence on the effect of employment protection on resource misallocation using a large data set of manufacturing … plants covering more than 90 countries. For measuring misallocation, I use the within-industry dispersion of the marginal …

hence not a symptom of misallocation within the firm, but rather actions taken by the firm to mitigate external credit … predominantly populated by single-plant firms, the gains from reducing their distortions to the level of developed are larger than …

misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to … misallocation mechanism from other types of spillovers. We find a robust positive effect on free-market rents in response to the … clear sign of misallocation. Further, we document that the spillover brings forward demolitions of old, ramshackle buildings. …