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that the DCC-NL estimator results in risk reduction and effciency increase in large portfolios as long as a small amount of …
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obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …
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We study the rent-seeking phenomenon using a simple, static general equilibrium model. The economy consists of two sectors, both employing a constant returns-to-scale technology with labor as its sole input. One of the sectors is a monopoly, where a continuum of agents compete for a share of...
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