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generate sales that are nearly 30% higher and are sold by higher quality sellers. The market design implication is that …
Persistent link: https://www.econbiz.de/10012983684
We provide evidence from a field experiment in all 50 states on age discrimination in hiring for retail sales jobs. We …
Persistent link: https://www.econbiz.de/10012906442
We use a laboratory experiment with randomized resumes and eyetracking to explore the effects of race on employment discrimination over the lifecycle. We show race discrimination against prime-age black job applicants that diminishes into middle age before re-emerging for older applicants....
Persistent link: https://www.econbiz.de/10012906457
We study the relationships between ageist stereotypes – as reflected in the language used in job ads – and age discrimination in hiring, exploiting the text of job ads and differences in callbacks to older and younger job applicants from a resume (correspondence study) field experiment...
Persistent link: https://www.econbiz.de/10012857820
We examine whether stronger age discrimination laws at the state level moderated the impact of the Great Recession on older workers. We use a difference-in-difference-in-differences strategy to compare older workers in states with stronger and weaker laws, to their younger counterparts, both...
Persistent link: https://www.econbiz.de/10013035369
Fire sales are forced sales of assets in which high-valuation bidders are sidelined, typically due to debt overhang … problems afflicting many specialist bidders simultaneously. We overview theoretical and empirical research on asset fire sales … the risk of fire sales, how fire sales can lead to downward spirals or cascades in asset prices, how arbitrage fails in …
Persistent link: https://www.econbiz.de/10013134890
We compare the two most common bidding processes for selling a company or other asset when participation is costly to buyers. In an auction all entry decisions are made prior to any bidding. In a sequential bidding process earlier entrants can make bids before later entrants choose whether to...
Persistent link: https://www.econbiz.de/10012776464
We develop three novel measures of how much of the price impact of their trading different mutual funds internalize. We show that mutual funds that internalize more of their price impact hold larger cash buffers and use these buffers more aggressively to accommodate inflows and outflows. As a...
Persistent link: https://www.econbiz.de/10012910298
This paper demonstrates that short sales are often misclassified as buyer-initiated by the Lee-Ready and other commonly … used trade classification algorithms. This result is due in part to regulations which require short sales be executed on an … direction, it ignores the often larger borrowing premiums which short sellers must pay. Since short sales constitute …
Persistent link: https://www.econbiz.de/10012758604
Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to...
Persistent link: https://www.econbiz.de/10013035630