WebThe author studies the effects of two instruments: minimum quality standards, which force out firms with the lowest quality, and quality certifications, which allow firms to signal to consumers that their quality is higher than a certain threshold, upon payment of a fixed cost. WebQuality heterogeneity and misallocation: The welfare benefits of raising your standards Author & abstract Download & other version 79 References 11 Citations Most related …
Asymmetric information, quality, and regulations - Research …
WebTo analyze the empirical relationship between openness and input misallocation, we draw on the annual surveys conducted by the Chinese National Bureau of Statistics (NBS) … Web4 HISTORICAL SKETCHES OF FITGIT TOWNSHIP, INDIANA, 5 Old Andy and young Andy Robison, the sons and daughters of Thomas Donnell, (I do not remember the old … holders electrical supply
Quality Heterogeneity and Misallocation: The Welfare Benefits of ...
The estimation also highlights the heterogeneity across sectors within manufacturing: metal, furniture, machinery, chemical, apparel, and media sectors have estimated restrictiveness that is about 25% or less of the optimal regulations, while the motor vehicle/transport sector has a restrictiveness significantly larger than optimal. WebWe measure overall institutional quality with rule of law, and exploit indices for labor market ⁄exibility, creditor rights™protection and product market regulation to proxy institutional frictions in input and output markets. These –ndings reveal the complex interaction between –rm heterogeneity and resource misallocation WebHeterogeneity, Measurement Error, and Misallocation in African Agriculture: A Comment Fernando M. Aragón Diego Restuccia Juan Pablo Rud May 2024 Abstract Gollin and Udry (2024) estimate the contribution of mismeasurement to productiv-ity dispersion among production units and conclude that previous studies have over- hudson church for sale