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may have appropriate incentives to combine. An omniscient and benign regulator can always assure a more efficient outcome …
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(R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition … diversifying mergers produce both a smaller number of innovations and also less-novel innovations, where innovations are measured …
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Theories of fairness have typically used the assumption of ex-ante known pie size. Pie size, however, is rarely known ex ante. Using three simple allocation problems generally known as dictator, ultimatum and trust games, we explore the influence of ex-ante unknown pie size of varying degrees of...
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We report results from a corruption experiment with Indonesian public servants and Indonesian students. Our results suggest that although both subject pools show a high level of concern with the extent of corruption in Indonesia, the Indonesian public servant subjects have a significantly lower...
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