Factors contributing to Pakistan's poor progress in reducing reproductive, maternal, newborn, and child health (RMNCH) include its low level of female literacy, gender inequity, political challenges, and extremism along with its associated relentless violence; further, less than 1% of Pakistan's GDP is allocated to the health sector. However, despite these disadvantages, Pakistani researchers h...

We study bankruptcy in general equilibrium, taking into account the interactions between the credit and the labor markets, as well as wealth heterogeneity. Soft bankruptcy laws often preclude liquidation, to avoid ex-post inefficiencies. This worsens credit rationing, depresses investment and reduces aggregate leverage. Yet, tough laws do not necessarily maximize social welfare or emerge from t...

Outreach and development throughout the Fall 1997 semester led to the Spring 1998 piloting of the first three courses (Customer Behavior, Learning and Health Promotion) to offer the Fourth Credit Option. To stimulate interest in this new program, a direct mailer was sent to 82 students enrolled in the courses offering a service-learning component and in-class presentations were made to promote ...

The origins of contemporary exclusion of surgical methods from patenting lie in the complexities of managing credit claims in operative surgery, recognized in the nineteenth century. While surgical methods were not deemed patentable, surgeons were nevertheless embedded within patent culture. In an atmosphere of heightened awareness about the importance of 'inventors', how surgeons should be rec...

We use a random matching model with limited record-keeping to study the essentiality of money and credit. The model is based on Lagos-Wright (2005), but with two rounds of pairwise meetings in each period. The mechanism designer chooses which meetings to use the record-keeping technology, and designs the trading mechanism for each meeting to optimize social welfare. We characterize implementabl...