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struck down aggregate contribution limits on the theory that the base limit of $5200 provides enough of a bulwark against … corruption. This Essay suggests otherwise. The fact that the price of corruption is lower than commonly understood has …
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We review a large number of empirical studies on Pay-What-You-Want (PWYW) pricing. We distinguish between laboratory experiments, field experiments, survey experiments and case studies. Based on this survey we identify the following two gaps in the recently flourishing literature on PWYW...
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original pool may have superior Sharpe ratio to its individual tranche components. We aim to determine the equilibrium price to … price is derived. Next, the approach is generalised to tranches of pools containing idiosyncratic risk …
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