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From a theoretical perspective, cash balances are thought to play a role in common value auctions because of limited liability. However, they have also been found to be important in common value aucti...
In a two-stage auction women are significantly more likely to go bankrupt than men,bidding more aggressively than the men in both phases of the auction process.
We examine Medicaid enrollment and private coverage loss following expansions of Medicaid eligibility.We attempt to replicate Cutler and Gruber’s (1996) results using the Survey of Income and Program ...
Private equity critics claim that leveraged buyouts bring huge job losses and few gains in operating performance. To evaluate these claims, we construct and analyze a new dataset that covers US buy...
We present a nonparametric approach to identi cation in ascending auctions when bidders may be asymmetric and have correlated private values. Our approach builds on and generalizes that of Aradillas...
Exploiting within-firm, over-time variation in plan parameters for a unique sample of nearly 10,000 Long-term Disability policies held by U.S. employers, we present the first empirical analysis of the...
Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more deb...
This paper studies the policy determinants of economic transition and estimates the demand for labor in the infant private sector in urban China. We show that a reform that untied access to housing in...
This paper describes how the gaming of society's rules by corporations contributes to the problem of institutional corruption in the world of business. "Gaming" in its various forms involves the use o...
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more ...
We study repeated Bayesian games with communication and observable actions in which the players' privately known payoffs evolve according to an irreducible Markov chain whose transitions are independe...
This study assesses the production potential of carbon credits on private land in Central British Columbiathrough pine forest plantation projects. This study identifies the quality characteristics for...
A fund manager is paid performance fees with a high-water mark provision, and invests both fund’sassets and private wealth in separate but potentially correlated risky assets, aiming to maximize ex-pe...
Presents the text of a speech on the challenges faced by the U.S. private banking sector delivered by James K. Vardaman Jr., President of The Bank of Albany, before the Georgia State Bankers Associati...
Over the last decade India has been one of the fastest adopters of information technology, particularly because of its capability to provide software solutions to organizations around the world. This ...

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