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Networking off Madison Avenue
This paper studies the advertising agency industry in Manhattan to infer networking benefits among agencies in close spatial proximity. We use economic census data that allow us to distinguishExpand
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Why countries are fiscally decentralizing
This paper models and empirically investigates underlying forces that promote governmental decentralization, or effective federalism, in the world over the last 25 years. A move to a federal systemExpand
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How price inelastic is demand for gasoline in fuel-subsidizing economies?
In recent years, governments that have historically subsidized domestic fuel consumption face an ever-growing challenge in maintaining fuel subsidies and have embarked on subsidy reform. This paperExpand
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Migration as a Way to Diversify: Evidence from Rural to Urban Migration in the U.S
type="main"> This paper extends the utility maximization model of migration by introducing income and unemployment-related uncertainties as determinants of utility, and analyzes the effects of theExpand
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Adibi H. (M.D.), Ebrahimof S. (M.Sc.), Mortaz Hejri S. (M.D.), Salehomom N. (M.D.) , Arzaghi M. (M.D.) , Hosseini S. (M.D., Ph.D.). 1General Physician, Endocrinology and Metabolism Research CenterExpand
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On the accuracy of Blue Chip forecasts of interest rates and country risk premiums
We examine the accuracy of Blue Chip forecasts of short- and long-term interest rates and country risk premiums for the Eurozone and six other industrial countries for 1999–2008. In so doing, weExpand
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Endoscopic Cauterization of the Sphenopalatine Artery to Control Severe and Recurrent Posterior Epistaxis
Introduction: Epistaxis is one of the most common medical emergencies, making the management of posterior epistaxis a challenging problem for the ear, nose, and throat (ENT) surgeon. In the cases ofExpand
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Economic Factors Underlying the Unbundling of Advertising Agency Services
This paper addresses a longstanding puzzle involving the unbundling of services that has occurred over more than two decades in the U.S. advertising agency industry: How can the shift from theExpand
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A confidence interval test for the detection of structural breaks
This paper develops a simple confidence interval test around the first difference of time series data to identify a structural break over time to identify an early reaction to the expected policy change. Expand
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The Unbundling of Advertising Agency Services: An Economic Analysis
Abstract We address a puzzle surrounding the shift from bundling to unbundling of U.S. advertising agency services and the slow pace of change over several decades. We model an agency’s decision as aExpand
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