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Valuation in Emerging Markets: A Simulation Approach
(Morgan Stanley, 2010-04)
Most of the foundations of valuation theory have been designed for use in developed markets. Because of the greater, and in some cases different, risks associated with emerging markets (although recent experience might ...
The Regulation of Entry and the Distortion of Industrial Organization
("Journal of Applied Economics. (CEMA), Vol XIII, No. 1 (May 2010), 91-120.", 2010)
We study the distortions of industrial organization caused by entry regulation. We take
advantage of heterogeneity across industries in their natural barriers and growth opportunities
to examine whether industries are ...