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We use highway procurement data from Michigan to study the e§ect of Örmsídistances to the auction site on participation and bidding decisions. Motivated by ìreduced formî evidence, we acco...
Much of the extensive empirical literature on insurance markets has focused on whether adverse selection can be detected. Once detected, however, there has been little attempt to quantify its welfar...
How does the market react to news regarding large uncertain projects? We analyze stock market reactions to information about changes in opening dates of movies, and present two main findings. ...
The proposed model, while highly stylized, maintains certain symmetry properties that allow us to obtain equilibrium existence and uniqueness. We then study the comparative statics of the model and...
Approximately 8 million U.S. residents currently obtain private health insurance coverage through one of the marketplaces created by the Affordable Care Act (ACA).Recent research has documented consid...
In 2005, as the result of a World Trade Organization mandate, India began to implement product patents for pharmaceuticals that were compliant with the 1995 Trade-Related Aspects of Intellectual Prope...
A growing body of evidence highlights the mediaís impact on public policies relevant to economic development. Governments are more likely to channel resources to those who have access to information ...
However, many have questioned whether press competition is so obviously beneficial. Increased market pressure is sometimes associated with cutbacks in reporting and editorial quality (Zaller, ...
The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years. A central problem in the literature is that firm performance is affected by two c...
The contribution of new goods to economic welfare is a first order question for understanding the growth of modern economies. New attention to this question has improved both our understanding of the ...
Antitrust law, policy, and practice are the product of a long and fruitful interdisciplinary collaboration between law and economics. Our chapter addresses an important aspect of that collaboration: t...
华中科技大学投资学课件Chapter11 Market Efficiency。
We introduce a new data set on hiring and 2ring restrictions for 21 OECD countries for the period 1984 –1990. The data are based on surveys of business people in the countries covered,so the indices w...
Although one of the central questions in the global strategy field is how multinational firms successfully navigate multiple and often conflicting institutional environments, we know relatively little...
There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to...

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