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We investigate the association between corporate international diversification and the accuracy and bias of consensus … analysts' earnings forecasts. We find that greater corporate international diversification is associated with less accurate and … more optimistic forecasts. Our results suggest that international diversification reflects unique dimensions of forecasting …
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This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
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