Many studies have explored the determinants of entering into entrepreneurship and thedifferences in self-employment rates across racial and ethnic groups. However, very little isknown about the survival in entrepreneurship of immigrants to the U.S. and theirdescendants...

How do financial markets price new information? This paper analyzes price setting atthe intersection of private and public information, by testing whether and how thereaction of financial markets to public signals depends on the relative importance ofprivate information in agents’ information...