We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...

This paper investigates the long-term impacts of protected area management on the labor market participation and composition of the affected population. We study changes spanning two decades in the Western Ghats region of India, one of the key global biodiversity hotspots with the highest...

This paper investigates the long-term impacts of protected area management on the labor market participation and composition of the affected population. We study changes spanning two decades in the Western Ghats region of India, one of the key global biodiversity hotspots with the highest...

Structural changes due to global integration certainly affect the employment, productivity and profitability of firms. An interesting case reflects how firms use imports to replace certain stages in production of physical goods. The relevant question here is: if imports make up a substantial...

The African Continental Free Trade Area marks a historic decision on the road to regional economic integration on the continent. If implemented, the agreement has the potential to make a significant impact on improving the livelihoods of the African people, by increasing intra-African trade and...