We show that minority acquisitions are more common for targets in countries with worse information environments. The … experience. Minority acquisitions can also be a ‘stepping stone' to a controlling acquisition, especially in countries with worse … that bidders use minority acquisitions when they confront informational barriers. The findings are robust to endogeneity …

facing a strategic problem, important aspects of which can be stylized as a situation in which a minority leader is uncertain … minority leader, signaling incentives make secession the unique equilibrium outcome, whether mutually advantageous compromises … exist or not. We also show that the ruling majority may seek to maintain political unity by pre-committing to minority …

We study how language affects private debt renegotiation. We predict that stronger future time reference (FTR … language decreases renegotiation likelihood and the number of renegotiation rounds. These findings are robust to several FTR …

'übrigen Deutschen'. Die Analyse beruht auf der Sorting-Theorie mit produktivitätserhöhenden Effekten der Bildung. Aus dieser … Hypothesen. -- Sorting theory ; human-capital theory ; returns to education ; migration …

Economic theory suggests that occupational licensing can be a barrier to entry that restricts labor supply (Friedman …-signaling effects of licensing on minority workers. Entry-level license for basic supportive procedures provides little information … widens the wage gap between non-Hispanic white and minority DAs by 8 to 9 percent. A scope-of-practice expansion that allows …