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Capital markets appreciate stability. It means that companies reporting smooth earnings patterns tend to be priced relatively high. However, the empirical issue is whether such valuation premiums for ...
Inflation Targeting and Monetary Policy Rules: Experience and Research.
Does the Crisis Experience Call for a New Paradigm in Monetary Policy?
This paper first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these featu...
In the market for medical care, physicians often face uncertainty about how a newly diagnosed patient will respond to available treatments. I design a framework to analyze how price and promotion in...
Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative...
This paper develops and tests a multi-level model that links individual and team experience with knowledge sourcing (specifically, knowledge repository (KR) use). Prior research theorizes that experie...
Much of the literature on team learning views experience as a unidimensional concept captured by the cumulative production volume of, or the number of projects completed by, a team. Implicit in this a...
Ethanol Trade as Impacted by Climatic Variability: Learning from the U.S-Brazil Experience
The United States has long been among the most active seekers of contingent protection. This was true in the 1980s and 1990s and remains true in the first decade of the 2000s. While ot...
Our study examines organizational and sectoral developments in the Estonian banking sector. It can be concluded that despite the unstable economic and legal environment during the transition period, b...
Objective. This research examines the role of the family in the immigrant settlement process by assessing the labor supply behavior of immigrant spouses. Methods. We make use of a unique data set—the ...
Background: Taiwan established a system of universal National Health Insurance (NHI) in March, 1995. Today, the NHI covers more than 98% of Taiwan's population and enrollees enjoy almost free access t...
Genetic information may be used by health and disability insurance companies to deny or restrict coverage. How health insurance companies use genetic information, and how public policy has limited tha...

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