Women’s Asset Ownership: Evidence from Georgia; Mongolia; and Cavite, Philippines

Information Technology, Productivity, and Asset Ownership: Evidence from Taxicab Fleets

We develop a simple model that links the adoption of a productivity-enhancing technology to increased vertical integration and a less skilled workforce. We test the model’s key prediction using novel microdata on vehicle ownership patterns from the Economic Census during a period when computerized dispatching systems were first adopted by taxicab firms. Controlling for time-invariant firm-speci...

Asset ownership along gender lines: evidence from Thailand

Liquidity Coverage Ratio, Ownership, Stability: Evidence from Iran

The Basel Committee on Banking Supervision (BCBS), in response to the recent financial crisis, has developed new stability rules aimed at preventing financial crises in the future. This paper uses the new Liquidity Ratio (LCR) and attempts to determine the impact of this ratio on the stability of the banking system. The objective of the LCR is to promote the short-term resilience of the liquidi...

Renegotiation of Asset Ownership

Asset reallocation is often observed in disintegration, divestures, and dissolution of business firms. Yet the property right theory of the firm assumes that asset ownership cannot be renegotiated when business relationships are severed. This paper shows that this assumption is quite innocuous: allowing renegotiation of asset ownership has essentially no effects on the

Asset Ownership, Windfalls, and Income: Evidence from Oil and Gas Royalties

The recent oil and gas production boom in the contiguous United States generated tens of billions in additional royalty income for owners of oil and gas rights. We use the royalty income shock to study the local multiplier effect of unanticipated income and find that each royalty dollar received by county residents created an additional $0.50 in local income, mostly through greater wage income....