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We study the effects of price matching in a setting in which each firm selects both its price and output, simultaneously. We show that the availability of a price-matching option leads to the Cournot outcome in this setting. Our experimental study confirms this result in the laboratory. Our...
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This paper provides causal evidence on the impact of succession taxes on firm investment decisions and transfer of control. I exploit a 2002 policy change in Greece that substantially reduced the tax on intra-family transfers of businesses and show that succession taxes lead to more than a 40%...
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This paper presents a nonparametric approach to classification of data from lottery experiments. Using very basic … their dissimilarity from the perfectly rational decision making? How to rank subjects by risk attitudes? How to cluster …
Persistent link: https://www.econbiz.de/10013141177
of classification rules. Using SPS, one can define measures for the performance of classifiers w.r.t. goodness concepts …, we are interested in assessing the reliability of classification rules when used for proceeding interpretation of the … comparison of classification methods in a simulation study to analyse the following problem: Given a medium number of predictors …
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Motivated by Cao, Cumming, and Wang (2015), we utilize China's one-child policy reform as a unique and exogenous setting to examine the economic impact of a potential rise in bequest motives among family firms, which is driven by the prospect of family and clanship expansion after the reform. A...
Persistent link: https://www.econbiz.de/10012854124