The Robert Day School (RDS) of Economics and Finance Working Papers Series aims to advance Claremont McKenna College (CMC) as a prominent center for economic research activity. The series provides our economics faculty with an avenue for exchanges of new research with wider academic communities outside of CMC. The series also makes research activities in economics and finance at CMC accessible to students and alumni. The papers are available online or through email distribution. They can be accessed at http://www.ssrn.com/link/RobertDay-Econ.html
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