Scharfenaker, Ellis - Department of Economics, New School for Social Research - 2015
Laplace-like distribution. Pos- itive prot rate deviations from the mode appear to be remarkably stationary over time … displaying little parametric changes while negative prot rate devi- ations introduce an asymmetry into the distribution that … constraints in their decisions to potentially enter or exit markets based on prot rate dierentials. The result is a three …