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Some empirical evidence on dynamic inconsistency

✍ Scribed by Richard Thaler


Book ID
116099040
Publisher
Elsevier Science
Year
1981
Tongue
English
Weight
371 KB
Volume
8
Category
Article
ISSN
0165-1765

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We tested for the capture of net gains by winners in rent-seeking competitions, using the most prominent announcements of government favors in the Canadian economy over a twelveyear period. Stockholders' returns were not significantly different from zero. One possible explanation is that government