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INVESTMENT BANKING: AN ECONOMIC ANALYSIS OF OPTIMAL UNDERWRITING CONTRACTS

Authors

  • Gershon Mandelker,

  • Artur Raviv

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    • Graduate School of Industrial Administration, Carnegie-Mellon University. We would like to thank our colleagues G. Constantinides, D. Epple, B. Forsythe, M. Harris, J. Jaffe, S. Richard, M. Visscher and the referee of this Journal, Edwin J. Elton, for helpful comments and discussions.

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