In this paper, we study supplier encroachment in competition with multi-product retailers and its effects on retail profits under endogenous consumer shopping behavior. We find that supplier encroachment (weakly) increases both supplier and retailer profits, as the retailer benefits from better...

I study how transitory increases in the opportunity cost of schooling affect dropout rates and long-run outcomes. Exploiting a tax-free year in Iceland and comparing teenagers around compulsory schooling age, I document increased dropout rates and a permanent loss in educational attainment for...

Understanding the economic costs attributable to unhealthy diets is essential for advocating health and agrifood investments in low- and middle-income countries (LMICs) experiencing nutrition transitions. These costs encompass direct and hidden expenses, including absenteeism, presenteeism, and...

Holt and Vinopal (2023) provides evidence of an income-based gap in time spent waiting for services on the typical day in the United States. The gap was estimated at the extensive margin, unconditional intensive margin, and intensive margin conditional on some waiting time. The analysis was...

This paper charitably develops a possible metaphysical argument against usury, as a common ground on which theology and economics can consider the issue. The metaphysical framework is derived from Anselm's Augustinian-Platonist metaphysics of participation whereby all goods are good through the...

15% of Danish workers account for 60% of unemployment. Are these workers unemployed more frequently because of their lower productivity or higher opportunity costs of employment? Using administrative data linking workers to their earnings, wealth, debt, health records, parental backgrounds,...

The failure of newly independent Central Asian countries to diversify exports after the Soviet Union's collapse is attributed to high trade costs, either because these countries are landlocked or due to border delays and regulatory obstacles. This paper estimates the impact of the high costs of...

This paper addresses a critical gap in migration literature by quantifying the opportunity cost of labour emigration for countries of origin within the European Union, using Greece and Poland as case studies from 2004 to 2019. Despite the growing policy and academic interest in the effects of...

The aim of this work is to analyze the factors that help companies avoid liquidation following the spirit of the Spanish insolvency law. This work focuses on the phase starting when companies file for bankruptcy and ending with the completion of the common phase. We apply the agency theory to...

Beyond its environmental damage, climate change is predicted to produce significant economic costs. Combining novel high-frequency geospatial temperature data from satellites with measures of economic activity for the universe of US listed firms, this article examines a potentially important...

To estimate the causal effect of employment protection on firms’ worker selection, we study apolicychangethatreduced dismissalcosts fortheemployersof overatenth of Sweden’s workforce. Our difference-in-differences analysis of firms’ hiring uses individual ability mea-sures including...

We examine how trade and policy uncertainty affect shipping freight rates, using a Bayesian Vector Autoregression (BVAR) model. Trade uncertainty has a strong effect on shipping costs, even though the effects become insignificant within a year. On the other hand, policy uncertainty has a...

Background: The growth of parcel volumes in urban areas, largely driven by e-commerce, has increased the complexity of pickup and delivery operations. To meet demands for cost efficiency, flexibility, and sustainability, CEP (Courier, Express, and Parcel) operators increasingly outsource...

Access to accurate and reliable information on the cost of COVID-19 is essential for informed socio-economic policy decisions. This paper analyses the economic costs associated with the COVID-19/SARS-CoV-2 pandemic, with a particular focus on Australia. This study examined both the macroeconomic...