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Ex ante returns, the net value that agents perceive before they take an investment decision, are understood as the main drivers of individual decisions. Hence, their distribution in a population is an important tool for counterfactual analysis and policy evaluation. This paper studies the...
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.h. ökonomische Hysterese. Anschließend wird ein Switching-Regression-Modell vorgestellt, das der empirischen Validierung des …
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