Price caps through international reference pricing are widely used worldwide but not so commonly in over-the-counter markets. We study the short-term effects of a price cap regulation for oral contraceptives in Colombia, a market dominated by the presence of several branded generics with multiple active ingredients.
We study how individuals’ effort contribution to a team production task varies depending on whether the task is ego relevant or not. We conduct an experiment to test the effect of ego-relevance when the team production depends on the team’s top- or bottom-performer. Ego-relevance is manipulated by calling the Raven IQ Test an “IQ Task” or a “Pattern Task.” We find that the effort contributed to the task is affected by ego-relevance and the impact of the team production function on effort contribution is mediated by the teammate’s expected effort contribution.
El presente artículo desarrolla una discusión conceptual y jurídica de la autonomía universitaria y su aplicación en Chile a través de la distinción y análisis de tres periodos de reforma en materia de educación superior desde el 1981 a 2020. La contribución central de este estudio es incluir en su análisis una nueva etapa de reforma (Ley N° 21.091) que cambia profundamente tanto la normativa como las instituciones que rigen a los centros de educación superior y, hasta el momento, no ha sido explorado por parte de la literatura especializada.
We use a factor-augmented vector autoregressive (FAVAR) model to analyze the effect of a contractionary monetary policy shock on macroeconomic aggregates and labor market indicators for different demographic groups in Chile classified by industry, age, and income quintile. Inflation is negatively correlated with unemployment across groups. The model shows that most groups’ job-separation rate and wage volatility increase after an interest rate rise. The response of the job-finding rate is mixed, decreasing in some groups and rising in others after an interest rate shock.
Highlights:
▪ Hire purchase schemes increase vendors' likelihood of buying an LPG cookstove.
▪ Hire purchase schemes with a learning opportunity have a greater effect on the vendor’s likelihood of buying an LPG cookstove.
A report is now available, which reflects on experiences from East Africa in addressing key environmental and social challenges: fossil fuels, plastic pollution, and deforestation. The report has been…
EfD-Vietnam is organizing a workshop with the participation of academics and government agencies to validate the findings and implications of a research agenda which aims to support a low-carbon…
AbstractThis study analyzes panel data from the Tanzania Living Standards Measurement Study‐Integrated Surveys on Agriculture by the World Bank to investigate the impact of nonfarm entrepreneurship as a nonfarm activity on the value of crop output and household welfare, and to explore the potential transmission channels among rural farm households. Using a dynamic panel model to address endogeneity, our results reveal that nonfarm entrepreneurship has a positive impact on the value of crop output and household welfare.