observed in the market. Many theories predict that hot IPO markets are characterized by clusters of firms in particular …. We compare firms that go public in a number of hot and cold markets during 1975- 2000, examining them at the time of the … narrow set of industries and hot markets for many industries occur at the same time. We also find few distinctions in quality …

of banking competition and simultaneously estimate bank conduct in output (loan) and input (deposit) markets. Our results … suggest that firms display some degree of non-competitive behavior in both the loan and the deposit markets. Moreover, we find …

spot-futures spread), confirming that spot prices mean-revert and normally exceed discounted futures. However, these …. In addition, I find reversion of spot to futures prices only when backwardation is severe. Convenience yield behaves … prices only when spot prices substantially exceed futures. …

-related changes in prices were found to be very small. …