the world health organization’s (who’s) world health report 2010, “health systems financing, the path to universal coverage,” promoted universal health coverage (uhc) as an aspirational objective for country health systems. yet, in addition to the dimensions of services and coverage, distribution of coverage in the population, and financial risk protection highlighted by the report, the conside...

A range of empirical and anecdotal evidence demonstrates the importance of buyers’ financial constraints in auctions. Financial constraints are used by Cramton (1995) to explain some bidders’ exit decisions in the personal communications services (PCS) auctions and by Genesove (1993) to explain the end-of-day drop in prices at used car auctions. The importance of financial constraints is also r...

Exporters and multinationals are larger and more productive than their domestic counterparts. In addition to productivity, financial constraints and labor market constraints might constitute barriers to entry into foreign markets. We present new empirical evidence on the extensive and intensive margin of exports and FDI based on detailed micro-level data of German firms. Our paper has three mai...