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Learning in organizations is a key determinant of individual and organizational success, and one valuable source of this learning is prior failure. Previous research finds that although individuals ca...
The goal of this paper is to prove a result conjectured in F¨ollmer and Schachermayer [FS07], even in slightly more general form. Suppose that Sis a continuous semimartingale and satisfies a large dev...
The author reflects on the view that schools and the instructional services they offered in the U.S. during the antebellum period were subject to the choices of buyers and sellers. He says institution...
The failure of competition and the consequent high and sticky interest rates in credit card markets have recently been the subject of considerable debate and research. This paper presents the first re...
This study examines the availability and incentive effects of the Research and Experimentation tax credit following structural changes in the computation of the credit enacted in the Omnibus Budget Re...
During the 1910s and 1920s, Pennsylvania Railroad (PRR) executives experienced a managerial crisis, finding it increasingly difficult to hire, train, and promote their replacements. Throughout the nin...
In the process of accountancy reforming and internationalizing, our country refers to the accounting standard in the U.S.A to a large degree. However, the audit failure always happens in American acco...
In this paper, I place California’s disastrous recent experiences with market-oriented restructuring of its electric utility industry in the context of broader historical and economic themes. The hist...

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