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Commercial radio stations and advertisers may have conflicting interests about when commercial breaks should be played. This article estimates an incomplete information timing game to examine stations...
Public attention has focused on how the launch of the national health exchanges could impact the types of risks who initially enroll and thereby affect future premiums and enrollment. We introduce sim...
This paper focuses on two mechanisms under which interest-rate feed-back rules induce local indeterminacy in a closed economy with capital accumulation: arbitrage activity and the pricing channel. It ...

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