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Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is difficult because of endogeneity and omitted variable bias....
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of the coefficient relevant for sustainability has been significantly positive over the time period considered. However …
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The recent fiscal crisis has renewed the public policy focus on debt sustainability. To investigate debt sustainability … empirically, a significant portion of the literature on public debt sustainability tests whether government revenue and … sustainability of public debt. To overcome this problem, we propose a new approach based on Campbell and Shiller's (1987) present …
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