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This is a draft of the first half of an open access textbook on game theory. I hope to complete the entire book by the end of 2015. After teaching game theory (at both the undergraduate and graduate level) at the University of California, Davis for 25 years, I decided to organize all my teaching...
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Using a sample of 680 and 1,300 judicial and private auctions respectively, we analyze the effect on the wealth of those the law is intended to protect of different regulations applicable to each type of auctions. We find that consistent with a simple economic model, Courts assign judicial...
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Squares method. Focus is on two alternative measures of banking market efficiency: net interest margin and overhead costs …This paper examines the impact of regulatory policies on banking market efficiency using a sample of 678 commercial … (operating expenses to assets). Elevated levels of these two ratios should indicate a low level of banking efficiency. The …
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