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For many products, platforms enable sellers to transact with buyers. We show that the competitive conditions among sellers shape the market structure in platform industries. If product market competition is tough, sellers avoid competitors by joining different platforms. This allows platforms to...
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of Sweden in 2000, we estimate the effect of education on stock market participation and risky asset holdings. We find …We investigate whether acquiring more education when young has long-term effects on risktaking behavior in financial … are more likely to invest in the stock market. However, little is known about whether this is a causal effect of education …
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Risk-taking behavior is highly correlated between parents and their children; however, little is known about the extent to which these relationships are genetic or determined by environmental factors. We use data on stock market participation of Swedish adoptees and relate this to the investment...
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talented or more able but that, even in relatively egalitarian Sweden, wealth begets wealth. …
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