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Market Competition,Government Efficiency,and Profitability Around the World
Profit Competition Government and Politics Labor Markets
2015/4/24
We examine how cross-country differences in product, capital, and labor market competition, and government efficiency affect the rate of mean reversion of corporate profitability. Using a sample of 42...
Personal Bankruptcy and Credit Market Competition
personal bankruptcy rates exogenous variation market contestability lending productivity
2011/8/22
We document a link between U.S. credit supply and rising personal bankruptcy rates. We exploit the exogenous variation in market contestability brought on by banking deregulation—the relaxation of ent...