We explore whether a protective role for savings against future financial hardship exists using household level panel data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and the amount of monthly secured debt repayments,...

We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...

Vertical integration is central to understanding patterns of economic activity, but there has been limited empirical work measuring the extent to which firms own and utilize direct upstream and downstream production links for sourcing physical inputs. We use administrative data from Karnataka,...

We use the 2008 Mumbai terrorist attacks as a natural experiment to examine how exposure to extreme stress affects financial decision making, as measured by investors' stock trading activity and performance. We find that Mumbai investors trade less, perform worse, take longer time to react to...

The goal of this research is to jointly study physician prescription decisions and patient drug request behaviors. We have adopted a binary logit model and a multinomial logit (MNL) model to study patient drug request data with excessive zero requests and a MNL model to capture physician...