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The setting of user prices for enterprises with large fixed costs and marginal costs below average costs – “natural monopolies” – raises important policy questions regarding both efficiency and equity. It has become well accepted among economists that, in a variety of settings, welfare...
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This study considers the joint role of job and housing location as they affect the earnings of different race and gender groups. Building on Wial's (1991) case study of networks in Boston which distribute good jobs, the `network hypothesis' suggests that the channels which distribute high wage...
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that suggest that discrimination may also be a factor. …
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debate, but little systematic evidence has been presented to substantiate claims regarding discrimination against particular … are also more likely to experience success in confirmations. We found no evidence of gender or race discrimination on the …
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Over the past 20 years, finance has become commodified. Firms increasingly obtain finance from securities markets, instead of borrowing from commercial banks with which they have long-term relationships, while Fannie Mae and Freddie Mac package a growing number of mortgages into bonds. When...
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smaller (minority) groups. We then apply the model to understand simple forms of discrimination and social identity. It is … shown that discrimination in hiring can result from such cognitive processes even when there is no malevolent taste to do so …
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