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The superior risk-bearing ability of commercial insurers is limited. Their comparative advantage depends on the calculability of property-liability loss distributions. Insurance contracts have their own transaction costs and these may outweigh the benefits of the commercial risk transfer. The...
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and down the organizational hierarchy. The applicant pools are themselves gendered, however, with women comprising a lower … are more likely than men to advance from each applicant pool to hire at all levels of the hierarchy, the apparent “glass …
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