This study examines the impact of air pollution shocks on consumer satisfaction and firm performance in the service sector. We show that air pollution shocks lead to an immediate decrease in consumer satisfaction, followed by a substantial rebound in consumer satisfaction for eight months after...

This paper empirically tests information asymmetries and learning in global commercial real estate markets. We find that foreign investors pay a premium of 3.6%, on average, relative to local investors for comparable properties in local markets. The premiums reflect information disadvantages of...