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This working paper introduces a method of measuring the bioeconomy for the purpose of assessing the social structure and working conditions of persons working in bioeconomic jobs. Previous measurements only allow aggregate level estimations of financial and economic contributions of the...
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We study uniform price auctions using a dataset which includes individual bidders' demand schedules in Finnish Treasury auctions during the period 1992-99. Average underpricing amounts to .041% of face value. Theory suggests that underpricing may result from monopsonistic market power. We...
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