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Self-Enforcing Trade Agreements and Private Information
Trade Agreements Private Information
2015/7/15
This paper considers self-enforcing trade agreements among privately informed governments.A trade agreement that uses weak bindings (i.e., maximal tari§ levels) is shown to o§er advantages relative to...
The 2000 presidential election and the information
Presidential election Information asymmetry Transaction costs Bid-ask spreads Adverse selection cost
2011/4/2
We investigate the information cost of stock trading during the 2000 presidential election. We find that the uncertainty of the election induces information asymmetry of politically sensitive firms un...