in a Chinese "star analyst" competition. We find that managers are more likely to vote for analysts who exhibit more "say …

predicts that a fall in output tariffs lowers wages at import-competing firms, but boosts wages at exporting firms. Similarly …, a fall in input tariffs raises wages at import-using firms relative to those at firms that only source locally. Using …

. However, when P ≫ T , the RFF-based forecast becomes a weighted average of the T training sample returns, with weights … training windows, similarity primarily reflects temporal proximity, so the forecast reduces to a recency-weighted average of …

Did regulatory reforms that lowered barriers to competition among U.S. banks increase or decrease the quality of … information that banks disclose to the public and regulators? We find that an intensification of competition reduced abnormal … competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks …

have occurred in pricing, service, and competition in the 28 years since deregulation. We then examine some of the major … public policy issues facing the industry: (a) the sustainability of competition and volatility of airline profits, (b …