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Smad1 and smad5 encode transcription factors that have been implicated in the transduction of signaling by the bone morphogenetic proteins Bmp2 and/or Bmp4. Here we report the characterization of Smad1 and Smad5 from the zebrafish, Danio rerio. Although smad1, smad5, bmp2b, and bmp4 are all expressed during gastrulation and although all four proteins have(More)
Moral hazard exists in expert service markets because sellers have an incentive to shade their reports of buyers' condition to increase the short-run demand for their services. The California vehicle emission inspection market offers a rare opportunity to examine how reputational incentives work in such a market. I show that consumers are 30% more likely to(More)
20742 <dvincent@wam.umd.edu>. For helpful comments and suggestions, we would like to thank various seminar participants, anonymous referee. We alone are responsible for the views expressed in this paper. Abstract: The No Surcharge Rule (NSR) precludes merchants from charging higher prices to consumers who pay by card instead of other means ('cash'). We(More)
Despite all the work on how campaign donations influence a politician's behavior , the nagging question of whether contributions alter how the politician votes or whether these contributions constitute support for like-minded individuals remains unresolved. By combining the campaign contributions literature with the work on politicians intrinsically valuing(More)
In theory, uncertainty and sunk costs can influence industry dynamics through the option value and financing constraints channels. Empirical evaluation of these models in the context of industry dynamics are, however, at a nascent stage. Our empirical analysis, covering 267 U.S. manufacturing industries over a 30-year period, reveals that greater(More)
Moral hazard exists in " diagnosis-cure " markets because sellers have an incentive to shade their reports of buyers' condition to increase the short-run demand for the treatments they supply. The California vehicle emission inspection market offers a rare opportunity to examine how incentives operate in such markets. This paper investigates why sellers(More)