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This paper studies a single multinational market where private and public firms from different nationalities compete. The model allows the domestic government to subsidize its firms. In contrast to previous studies in this model, the subsidy varies with the market structure. Privatizing either...
In this study, we test the relationship between price volatility and contract maturity, or the “Samuelson effect,” using futures contract prices for a major sports event. Applying four different performance measures, we show supportive evidence of the Samuelson effect in futures contracts for...
Most of the work testing the quantity–quality model has concentrated on the trade-off between family size and educational attainment. We argue that child health is a plausible measure of child quality that has not been fully explored in the empirical literature. Using data from the Matlab Health...
In his recent book Coming Apart: The State of White America, Charles Murray looks at both trends in behavior and differences in behavior between those with high education and occupational prestige and those with low. According to his indicators, the trends in the last half-century show a falling...
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