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Growing economic inequality and wage stagnation have raised serious social justice concerns, igniting a broad debate on their causes and possible solutions. Antitrust scholars have discussed a number of approaches, including Professors Herbert Hovenkamp and Ioana Marinescu’s recommendation of...
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I study the asset pricing implications of cumulative prospect theory on portfolio discounts. I extend Barberis and … mergers and acquisitions, and conglomerate discounts. My findings support cumulative prospect theory from an alternative …
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