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We prove—in the standard independent private-values model—that the outcome, in terms of expected probabilities of trade and expected transfers, of any Bayesian mechanism, can also be obtained with a d...
This paper considers self-enforcing trade agreements among privately informed governments.A trade agreement that uses weak bindings (i.e., maximal tari§ levels) is shown to o§er advantages relative to...
Executives of publicly-traded firms spend considerable time meeting privately with investors, despite regulation restricting their ability to convey material nonpublic information. Using a set of reco...
I investigate an unexplored benefit of being privately-held: Non-SEC-filing private firms' ability to disclose confidential information to selected investors minimizes the scope for information asymme...
The growth of the private equity industry has spurred concerns about its potential impact on the economy more generally. This analysis looks across nations and industries to assess the impact of priva...
It is now common for producers (economic protectionism), consumers and social advocates (humanitarian motives) to urge for the inclusion of labour standards in international trade agreements. In spite...
The Overseas Private Investment Corporation (OPIC) was established as an agency of the U.S. government in 1971. OPIC helps U.S. businesses invest overseas, fosters economic development in new and emer...
Rome is an exception among European capital cities: the thousand-year-old capital of the Pope’s State only became the capital of the Italian national kingdom in 1870 and then grew rapidly. The Eterna...
Communication by mail between the “mother” country and overseas colonies was a challenge for many European nations.When the development of steam power in the 1830s empowered a regular maritime postal ...

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