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When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor market because the wage may be too low. In the presence of aggregate demand spi...
This paper outlines the methods and applications related to the nascent area of empirical discrete games in marketing. Many key strategic decisions firms make involve discrete choices such as ...
We explore the consequences for corporate financial policy that arise when investors exhibit inertial behavior. One implication of investor inertia is that, all else equal, a firm pursuing a strategy ...
Weather is a key source of income risk, particularly in emerging market economies. This paper uses a randomized controlled trial involving a sample of Indian farmers to study how an innovative rainfal...
The migration of rural labor to urban areas in China since the mid-1980s has created the largest labor flow in world history. A commonly cited figure puts the number of rural migrants residing in urba...
The paper deals with the employment of decoupled direct payments as the model of targeted lump-sum financial transfers to the farmers. It considers whether decoupled payments may alter producers’ reso...

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