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ADJUSTMENT COSTS, FIRM RESPONSES, AND MICRO VS. MACRO LABOR SUPPLY ELASTICITIES: EVIDENCE FROM DANISH TAX RECORDS
ADJUSTMENT COSTS FIRM RESPONSES
2015/7/23
We show that the e§ects of taxes on labor supply are shaped by interactions between
adjustment costs for workers and hours constraints set by Örms. We develop a model
in which Örms post jo...
The Social Costs of Real Estate Market Information Gaps in Ghana
Ghana information asymmetry land registration land titling markets
2011/9/14
Real estate markets function efficiently when driven by information regimes in which legitimate information corresponds with information that must count in market decisions. Where there are mismatches...
DECONSTRUCTING EQUITY: PUBLIC OWNERSHIP, AGENCY COSTS, AND COMPLETE CAPITAL MARKETS
private equity wave public company risk management agency cost
2011/9/12
The traditional law and finance focus on agency costs presumes that the premise that diversified public shareholders are the cheapest risk bearers is immutable. In this Essay, we raise the possibility...