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Are furlough schemes useful under normal business cycle conditions? We address this question using administrative data from Finland, where such a scheme has long existed, and a model of firm dynamics …
We analyze displacement effects of a recent urban renewal program in Helsinki using population-wide register data and a difference-in-differences design. The data allow us to identify the incumbent …
We establish new efficiency results for decentralized markets with quality uncertainty. Buyers encounter a succession of passing trade opportunities and related asset information, allowing them to …