Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus compensation is not consistent with the “optimal...

Price fluctuations in agricultural markets are an obstacle to poverty reduction for small-scale farmers in developing countries. We build a micro-foundation to study how farmers of heterogeneous production costs, under price fluctuations, make crop-planting decisions over time to maximize their...

While adverse health effects of ambient air pollution have been well documented, there is scarce evidence on the impact of household air pollution (HAP) on mental health. We investigated the causal link between HAP exposure from the use of solid fuel on depressive symptoms using a nationally...