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Cheap Talk and the Economics of Negotiation
Empirical research shows that impatient sellers use round numbers to signal their willingness to cut prices in order to sell more quickly. More »
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#markets
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Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises
Firm-level data across 36 countries suggests that shareholder protection laws do mitigate the adverse consequences of banking crises by allowing stock markets to act as an alternative source of financing. More »
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No Push, No Pull
Pension plans change the labor market for principals and teachers. More »