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Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks
Theories based on incomplete contracting suggest that small organizations may do better than large organizations in activities that require the processing of soft information. We explore this idea inExpand
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Debt Maturity, Risk, and Asymmetric Information
We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importanceExpand
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Why Do Borrowers Pledge Collateral? New Empirical Evidence on the Role of Asymmetric Information
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante privateExpand
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Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks
Theories based on incomplete contracting suggest that small organizations may do better than large organizations in activities that require the processing of soft information. We explore this idea inExpand
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Strategic Leniency and Cartel Enforcement
The cornerstone of cartel enforcement in the United States and elsewhere is a commitment to the lenient prosecution of early confessors. A burgeoning gametheoretical literature is ambiguous regardingExpand
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Credit scoring and the availability, price, and risk of small business credit
We examine the economic effects of small business credit scoring (SBCS) and find that it is associated with expanded quantities, higher average prices, and greater risk levels for small businessExpand
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Credit Scoring and the Availability, Price, and Risk of Small Business Credit
We examine the economic effects of small business credit scoring (SBCS) and find that it is associated with expanded quantities, higher average prices, and greater risk levels for small businessExpand
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In situ diffusion experiment in granite: phase I.
A program of in situ experiments, supported by laboratory studies, was initiated to study diffusion in sparsely fractured rock (SFR), with a goal of developing an understanding of diffusion processesExpand
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Spatial differentiation and price discrimination in the cement industry: evidence from a structural model
type="main"> We estimate a structural model of the cement industry that incorporates spatial differentiation and price discrimination, focusing on the US Southwest over 1983–2003. We leverage theExpand
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Understanding the Price Effects of the MillerCoors Joint Venture
We document abrupt increases in retail beer prices just after the consummation of the MillerCoors joint venture, both for MillerCoors and its major competitor, Anheuser‐Busch. Within the context of aExpand
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