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We explore the effects of information propagation in a centralized financialmarket. Specifically, we embed search … frictions within the Grossman andStiglitz (1980) framework, relying on information percolation as modeled inDuffie, Malamud, and … Manso (2009). First, we show that information percolationproduces a positive autocorrelation in stock returns. Second, we …
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The interaction of various methods of mitigating economic and international double taxation of corporate source income is studied within a standard neoclassical model of firm behavior. The main purpose is to determine to what extent methods effective in mitigating economic double taxation in a...
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