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Abstract
Incomplete Job Information and Welfare Effect
Sang-Il Lee
The labor market is characterized by two important features, heterogeneity and inflexibility. These two characteristics result in the mismatch in the labor demand and supply of labor. When
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a market power of mergers is higher than that of a matched non-merging control group. we use time series data to show whether a market power of merger is higher than that of pre-merger. Also we use the event study using market model to show the stock price movement after mergers.
The result is that
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