constraints on entry, but in addition it facilitates transfers of control of incumbent firms, from untalented to talented managers … deregulation, as it preserves incumbents' rents, while at the same time allowing the less efficient among them to transfer control … supporting future deregulations. Generally speaking, our model suggests that "Coasian" reforms improving the scope of private …

, investment that has marginal product greater than the after-tax market real interest rate. Contrarily, taxes on distributed …

sacrificed leisure time: households work more, and work more on the wage market when savings options improve. These results …

bank accounts in their own names, while farmers in the control group were paid harvest proceeds in cash (the status quo …

We develop a micro-founded general equilibrium model with heterogeneous agents to identify pertinent constraints to … model to firm-level data from the World Bank Enterprise Survey and World Development Indicators for six countries at varying … degrees of economic development – three low income countries (Uganda, Kenya, Mozambique), and three emerging market countries …

of the country's financial system may also play a significant role. To address this question, a dynamic contract model is … control the cash flows of a firm plays an important role in the technology adoption decision. Can such a theory help to …