Using weekly spot and future commodity prices in Chicago and New York, we construct expected transportation rates for grain between these two cities, expected inventory levels in New York, and realized errors in the expectations of such variables. We incorporate these exogenous commodity market...

Consumers' choice set of products within stores can be limited. Ackerberg and Rysman (2005) address this problem by modeling unobserved consumer preferences over products and retail stores, leading to augmented demand specifications. Having Carbonated Soft Drink product level data, where we...

Rizov M. and Walsh P. P. Is there a rural-urban divide? Location and productivity of UK manufacturing, Regional Studies. Aggregate productivity of manufacturing industries by urban, rural less sparse, and rural sparse locations in the UK is computed from firm-specific total factor...

In this article we examine the origins of Whitaker’s export oriented industrial policy and the political management of its implementation. Whitaker appointed academic economic advisors, including Louden Ryan, to a Capital Investment Advisory Committee in 1956. The advice from this committee...

The African Great Lakes Region (GLR) has witnessed some of the most intense violence and protracted conflict of the last half-century. There has been spiralling and sometimes over-lapping conflict in Burundi, Rwanda, Uganda and the Democratic Republic of Congo (DRC) (hereinafter Zone 1 conflict...

Theory predicts that optimal effective corporation tax rates will be negatively related to industry specific sunk costs, and hence industry concentration. Governments should tax industries with monopolistic power softly. Evidence suggests that this Schumpeterian (1942) principle of corporate...

Using brand-level retail data, the firm size distribution in carbonated soft drinks is shown to be an outcome of the degree to which firms have placed brands effectively (store coverage) across vertical (flavour, packaging, diet attributes) segments of the market. Regularity of the firm size...

The "dual-track approach" for transition would have to be facilitated by an endogenous movement of workers away from the state into private jobs. Yet, using the Chinese Household Income Project Series (CHIPs) data for the year 2002, we document preferences and premiums for state jobs in urban...