BREAD Working Paper No. 581, October 2020

Industrial Clusters, Networks and Resilience to the Covid-19 Shock in China Ruochen Dai, Dilip Mookherjee, Yingyue Quan, Xiaobo Zhang Abstract This paper examines resilience of Chinese firms to the Covid-19 shock, and how it varied with a cluster index (measuring spatial agglomeration of firms in related industries) at the county level. Two data sources are […]

BREAD Working Paper No. 570, January 2020

Decentralized Targeting of Agricultural Credit Programs: Private versus Political Intermediaries Pushkar Maitra, Sandip Mitra, Dilip Mookherjee, Sujata Visaria Abstract We compare two different methods of appointing a local commission agent as an intermediary for a credit program. In the Trader-Agent Intermediated Lending Scheme (TRAIL), the agent was a randomly selected established private trader, while in […]

BREAD Working Paper No. 568, December 2019

Credit Rationing and Pass-Through in Supply Chains: Theory and Evidence from Bangladesh M. Shahe Emran, Dilip Mookherjee, Forhad Shilpi, M. Helal Uddin Abstract We extend standard models of price pass-through in an imperfectly competitive supply chain to incorporate rationing of trade credit. Credit rationing reverses predictions concerning effects of raw material import prices on pass-through […]