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Studies have consistently found that social structure influences who transacts with whom, and that actors appear to benefit when exchange occurs embedded within these relations rather than in an unstructured market. This paper argues that the apparent benefits of embedded exchange can arise from...
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This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm size dynamics … and reallocation of resources within industries. Following deregulation, resource misallocation declines and the left … deregulation on firm size are significantly non-linear. The reallocation of market shares toward a small number of large firms and …
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