markets
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Cheap Talk and the Economics of Negotiation
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Empirical research shows that impatient sellers use round numbers to signal their willingness to cut prices in order to sell more quickly.
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Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises
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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.
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