Information provision for social welfare via cheap technological media is now a widely available tool used by policy makers. Often, however, an ample supply of information does not translate into high consumption for information due to various frictions in demand, possibly stemming from...

Gold holdings with central banks are often considered to play a stabilizing role in times of crisis. This study performs a cross-country panel data analysis of developed and developing countries to determine whether gold holdings of central banks contribute to sovereign creditworthiness. Our...

Decision Review System (DRS) in cricket is a technology-based officiating aid used by umpires and players. Statistics reveal that bowlers tend to use DRS a higher number of times as compared to batsmen, but with lower success rates. We manifest that the bowling teams in Twenty-20 cricket are...

Using two novel administrative datasets containing monthly sales and input-sourcing information for plants and products with regional heterogeneity within India, we find that the inter- to intra-region trade ratio declines sharply after the COVID-19 induced lockdown in March 2020. The ratio...

Zipf's law is a well-known empirical regularity of firm size distribution. To date, it remains a puzzle as to what is the identity of the firms that causes this regularity. We document the multi-plant firm origin of Zipf's law - plants of multi-plant fi rms (exponent close to one) are more...

High-Frequency Traders (HFTs) are known to facilitate incorporating information into asset prices. Do they utilize aggregate market-wide information or idiosyncratic stock-specific information? In this paper, we exploit novel transaction-level data from the National Stock Exchange (India), a...

We study the origin of comovement in economic fluctuations across regions in India through a unique administrative dataset on plant-level sales. Regional sales exhibit a high level of comovement that can be traced to a small number of large plants located in different regions, indicating a...