This paper documents the existence of primary dealers’ losses in Treasury bond markets and investigates how these losses a¤ect dealers’ market value. Using a novel data set that tracks more than 2,350 primary-to-secondary transactions, we find that bond losses for primary dealers are...

We analyze the role of cost complementarities in driving the overall impact of a recent hygiene-rating disclosure policy in the U.K. We develop a simple theoretical multitasking model, which serves as a platform for our empirical analysis. We conduct a counterfactual analysis, which reveals the...

Studying the spatial distribution and translocation routes of heavy metals in agroecosystems is essential for the management and mitigation of soil heavy metal pollution. In this study, the geochemical properties of heavy metals (Cd, As, Pb, Cd) in soil and maize were investigated in northwest...