Tumenkhusel Avirmed

Skip to main content We thank the Doerr School of Sustainability for funding, and many seminar participants for helpful feedback. All errors are our own. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank, the governments they represent, or the National Bureau of Economic Research.