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investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite … behavior in a range of circumstances. We illustrate how the type of learning outlined in this paper interacts with economic …
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demand. The former learning effect, combined with the latter real-options effect, adversely affect firms' entry decisions and …
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strategy relative to more traditional learning dynamics, and establish that, paradoxically, when sellers are strategic, the …
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This article summarizes the Opportunity Zone incentive in the Tax Cuts and Jobs Act by providing descriptive statistics on the selected zones, outlining considerations for investors, and using data on the New Markets Tax Credit to inform expectations of investors' responses to this policy
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