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Shares of a stock may have trouble breaking above a certain price (resistance) or buying activity increases at a specific price (support). With thinly-traded stocks, support and resistance levels often form at psychologically significant prices, such as $3.00, $1.25, or $0.50 (as opposed to ...
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Movie actors, for instance, have a low cost of changing their social appearances and yet are not particularly known for their patience. How- ever, in the context of trade, if the degree of homogeneity agents look for to evaluate the credibility of potential trading partners constitutes a ...
As a result, many rural entrepreneurs join the un- derground economy or look to better-connected individuals from ur- ban areas who specialize in obtaining the necessary forms. These middlemen are evasive entrepreneurs engaged solely in assisting pro- ductive entrepreneurs in evading the deadweight ...
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The Evidence at a Glance A preliminary look at the data lends support to the demo- cratic domino theory. In Figure 1 we create four maps that display democracy in the world in four time peri- ods that correspond to the first year in each of our four samples: 1850, 1900, 1950, and ...