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Results 1 - 10
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12,038
Experimental Tests of the Endowment Effect and the Coase Theorem,”
- Journal of Political Economy,
, 1990
"... Contrary to theoretical expectations, measures of willingness to accept greatly exceed measures of willingness to pay. This paper reports several experiments that demonstrate that this "endowment effect" persists even in market settings with opportunities to learn. Consumption objects (e. ..."
Abstract
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Cited by 677 (25 self)
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volume is observed, suggesting that transactions costs cannot explain the undertrading for consumption goods.
The theory and practice of corporate finance: Evidence from the field
- Journal of Financial Economics
, 2001
"... We survey 392 CFOs about the cost of capital, capital budgeting, and capital structure. Large firms rely heavily on present value techniques and the capital asset pricing model, while small firms are relatively likely to use the payback criterion. We find that a surprising number of firms use their ..."
Abstract
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Cited by 725 (23 self)
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-order and trade-off capital structure hypotheses but little evidence that executives are concerned about asset substitution, asymmetric information, transactions costs, free cash flows, or personal taxes. Key words: capital structure, cost of capital, cost of equity, capital budgeting, discount rates, project
Are investors reluctant to realize their losses
- Journal of Finance
, 1998
"... I test the disposition effect, the tendency of investors to hold losing investments too long and sell winning investments too soon, by analyzing trading records for 10,000 accounts at a large discount brokerage house. These investors demonstrate a strong preference for realizing winners rather than ..."
Abstract
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Cited by 657 (14 self)
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I test the disposition effect, the tendency of investors to hold losing investments too long and sell winning investments too soon, by analyzing trading records for 10,000 accounts at a large discount brokerage house. These investors demonstrate a strong preference for realizing winners rather than
Financial Dependence and Growth
- American Economic Review
, 1998
"... This paper examines whether nancial development facilitates economic growth by scrutinizing one rationale for such a relationship; that nancial development reduces the costs of external nance to rms. Speci cally, we ask whether industrial sectors that are relatively more in need of external nance de ..."
Abstract
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Cited by 1086 (26 self)
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to the highest value use without substantial risk of loss through moral hazard, adverse selection, or transactions costs { are an essential catalyst of economic growth. Empirical work seems consistent with this argument. For example, on the
Mining Frequent Patterns without Candidate Generation: A Frequent-Pattern Tree Approach
- DATA MINING AND KNOWLEDGE DISCOVERY
, 2004
"... Mining frequent patterns in transaction databases, time-series databases, and many other kinds of databases has been studied popularly in data mining research. Most of the previous studies adopt an Apriori-like candidate set generation-and-test approach. However, candidate set generation is still co ..."
Abstract
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Cited by 1752 (64 self)
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Mining frequent patterns in transaction databases, time-series databases, and many other kinds of databases has been studied popularly in data mining research. Most of the previous studies adopt an Apriori-like candidate set generation-and-test approach. However, candidate set generation is still
An Overview of Workflow Management: From Process Modeling to Workflow Automation Infrastructure
- DISTRIBUTED AND PARALLEL DATABASES
, 1995
"... Today’s business enterprises must deal with global competition, reduce the cost of doing business, and rapidly develop new services and products. To address these requirements enterprises must constantly reconsider and optimize the way they do business and change their information systems and appl ..."
Abstract
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Cited by 670 (26 self)
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Today’s business enterprises must deal with global competition, reduce the cost of doing business, and rapidly develop new services and products. To address these requirements enterprises must constantly reconsider and optimize the way they do business and change their information systems
Governance in Global Value Chains
- IDS Bulletin Special Issue on The Value of Value Chains
, 2001
"... This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and technological capability and firm-level learning – to identify three variables that play a large rol ..."
Abstract
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Cited by 427 (26 self)
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This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and technological capability and firm-level learning – to identify three variables that play a large
Virtualizing Transactional Memory
, 2005
"... Writing concurrent programs is difficult because of the complexity of ensuring proper synchronization. Conventional lock-based synchronization suffers from wellknown limitations, so researchers have considered nonblocking transactions as an alternative. Recent hardware proposals have demonstrated ho ..."
Abstract
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Cited by 337 (3 self)
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Transactional Memory (VTM), a user-transparent system that shields the programmer from various platform-specific resource limitations. VTM maintains the performance advantage of hardware transactions, incurs low overhead in time, and has modest costs in hardware support. While many system-level challenges
The Determinants of Credit Spread Changes.
- Journal of Finance
, 2001
"... ABSTRACT Using dealer's quotes and transactions prices on straight industrial bonds, we investigate the determinants of credit spread changes. Variables that should in theory determine credit spread changes have rather limited explanatory power. Further, the residuals from this regression are ..."
Abstract
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Cited by 422 (2 self)
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. Thus, we examine how changes in credit spreads respond to proxies for both changes in the probability of future default and for changes in the recovery rate. Separately, recent empirical studies find that the corporate bond market tends to have relatively high transactions costs and low volume. 1
The proper scope of government: Theory and an application to prisons
- JOURNAL OF ECONOMICS
, 1997
"... When should a government provide a service in-house, and when should it contract out provision? We develop a model in which the provider can invest in improving the quality of service or reducing cost. If contracts are incomplete, the private provider has a stronger incentive to engage in both quali ..."
Abstract
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Cited by 402 (6 self)
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When should a government provide a service in-house, and when should it contract out provision? We develop a model in which the provider can invest in improving the quality of service or reducing cost. If contracts are incomplete, the private provider has a stronger incentive to engage in both
Results 1 - 10
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12,038
