Nicholas Barberis

Yale School of Management

Professor of Finance

135 Prospect Street

P.O. Box 208200

New Haven, CT 06520-8200

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

26

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Top 533

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50,878

SSRN CITATIONS
Rank 122

SSRN RANKINGS

Top 122

in Total Papers Citations

1,528

CROSSREF CITATIONS

3,311

Scholarly Papers (26)

1.
Downloads 25,630 ( 109)
Citation 237

A Survey of Behavioral Finance

Number of pages: 77 Posted: 04 Oct 2002
Nicholas Barberis, Nicholas Barberis and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management and University of Chicago - Booth School of Business
Downloads 24,101 (122)
Citation 13

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behavioral finance, market efficiency, limits to arbitrage, psychology, investor behavior

A Survey of Behavioral Finance

NBER Working Paper No. w9222
Number of pages: 78 Posted: 19 Sep 2002 Last Revised: 13 Sep 2021
Nicholas Barberis, Nicholas Barberis and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management and University of Chicago - Booth School of Business
Downloads 1,529 (14,774)
Citation 1

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2.
Downloads 3,484 ( 3,924)
Citation 428

Prospect Theory and Asset Prices

Number of pages: 50 Posted: 22 Jul 1999
Nicholas Barberis, Nicholas Barberis, Ming Huang and Tano Santos
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia Business School
Downloads 3,312 (4,187)
Citation 16

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Prospect Theory and Asset Prices

NBER Working Paper No. w7220
Number of pages: 50 Posted: 30 Apr 2000 Last Revised: 25 Sep 2021
Nicholas Barberis, Nicholas Barberis, Ming Huang and Tano Santos
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and Columbia Business School
Downloads 172 (217,760)
Citation 65

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3.

Psychology and the Financial Crisis of 2007-2008

Number of pages: 16 Posted: 18 Jan 2011 Last Revised: 03 Sep 2011
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 3,018 (5,027)
Citation 24

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financial crisis, psychology, extrapolation, belief manipulation

4.
Downloads 2,739 ( 5,912)
Citation 106

Style Investing

Number of pages: 43 Posted: 23 Jan 2001
Nicholas Barberis, Nicholas Barberis and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management and Harvard University - Department of Economics
Downloads 2,611 (6,247)
Citation 105

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Style Investing

NBER Working Paper No. w8039
Number of pages: 42 Posted: 11 Dec 2000 Last Revised: 05 Oct 2001
Nicholas Barberis, Nicholas Barberis and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management and Harvard University - Department of Economics
Downloads 128 (277,319)

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5.
Downloads 2,121 ( 8,890)
Citation 53

Comovement

Number of pages: 45 Posted: 06 Apr 2002
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 1,609 (13,652)
Citation 14

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Comovement

NYU Working Paper No. S-DRP-03-18
Number of pages: 45 Posted: 05 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 250 (153,602)

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Comovement

NYU Working Paper No. S-DRP-01-19
Number of pages: 38 Posted: 07 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 107 (315,942)

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Comovement

NYU Working Paper No. FIN-01-064
Number of pages: 38 Posted: 03 Nov 2008
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Je rey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and affiliation not provided to SSRN
Downloads 96 (339,843)

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Comovement

NBER Working Paper No. w8895
Number of pages: 43 Posted: 11 Apr 2002 Last Revised: 23 Apr 2021
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 59 (450,244)
Citation 12

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6.

Prospect Theory and Stock Returns: An Empirical Test

Review of Financial Studies, Forthcoming , AFA 2014 Philadelphia Meetings Paper
Number of pages: 56 Posted: 20 Nov 2014 Last Revised: 05 Oct 2016
Nicholas Barberis, Nicholas Barberis, Abhiroop Mukherjee and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, Hong Kong University of Science & Technology (HKUST) - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,839 (11,227)
Citation 39

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prospect theory, loss aversion, probability weighting

7.
Downloads 1,263 ( 20,169)
Citation 4

Prospect Theory and Stock Market Anomalies

10th Miami Behavioral Finance Conference
Number of pages: 83 Posted: 08 Nov 2019 Last Revised: 17 Dec 2020
Nicholas Barberis, Nicholas Barberis, Lawrence J. Jin and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 1,240 (20,403)
Citation 7

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prospect theory, loss aversion, probability weighting, cross-section

Prospect Theory and Stock Market Anomalies

NBER Working Paper No. w27155
Number of pages: 84 Posted: 18 May 2020 Last Revised: 14 Mar 2021
Nicholas Barberis, Nicholas Barberis, Lawrence J. Jin and Baolian Wang
National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 23 (639,001)
Citation 1
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Investing for the Long Run When Returns are Predictable

Number of pages: 49 Posted: 04 Jan 2000
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 1,070 (25,357)
Citation 87

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Investing for the Long Run When Returns are Predictable

Posted: 04 Jan 2000
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management

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Stocks as Lotteries: the Implications of Probability Weighting for Security Prices

AFA 2005 Philadelphia Meetings Paper
Number of pages: 49 Posted: 16 Jan 2005
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 976 (28,919)
Citation 31

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prospect theory, asset pricing, skewness, under-diversification

Stocks as Lotteries: The Implications of Probability Weighting for Security Prices

NBER Working Paper No. w12936
Number of pages: 50 Posted: 24 Feb 2007 Last Revised: 08 May 2021
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 91 (351,728)
Citation 91

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What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Number of pages: 47 Posted: 13 Mar 2006
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 577 (58,892)
Citation 6

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disposition effect, prospect theory

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

NBER Working Paper No. w12397
Number of pages: 48 Posted: 03 Aug 2006 Last Revised: 17 May 2021
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 295 (129,483)
Citation 51

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11.
Downloads 846 ( 35,876)

A Model of Investor Sentiment

NBER Working Paper No. w5926
Number of pages: 44 Posted: 08 Jul 2000 Last Revised: 12 Sep 2021
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 846 (35,348)
Citation 27

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A Model of Investor Sentiment

Posted: 19 Feb 1997
Nicholas Barberis, Nicholas Barberis, Andrei Shleifer and Robert W. Vishny
National Bureau of Economic Research (NBER)Yale School of Management, Harvard University - Department of Economics and University of Chicago - Booth School of Business

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Individual Preferences, Monetary Gambles and the Equity Premium

Number of pages: 49 Posted: 14 Oct 2003
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 739 (42,571)
Citation 1

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risk aversion, framing, loss aversion, stock market participation, equity premium

Individual Preferences, Monetary Gambles and the Equity Premium

NBER Working Paper No. w9997
Number of pages: 50 Posted: 28 Sep 2003 Last Revised: 26 Apr 2021
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 85 (367,212)

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13.
Downloads 822 ( 37,298)
Citation 33

A Model of Casino Gambling

Number of pages: 48 Posted: 07 May 2009 Last Revised: 22 Jun 2009
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 766 (40,521)
Citation 33

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gambling, prospect theory, time inconsistency, probability weighting

A Model of Casino Gambling

NBER Working Paper No. w14947
Number of pages: 45 Posted: 13 May 2009 Last Revised: 14 May 2009
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 56 (461,837)

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14.
Downloads 809 ( 38,108)
Citation 7

Richard Thaler and the Rise of Behavioral Economics

Yale ICF Working Paper No. 2018-03
Number of pages: 34 Posted: 07 Feb 2018 Last Revised: 02 Aug 2019
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 808 (37,665)
Citation 3

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endowment effect, prospect theory, mental accounting, nudge

Richard Thaler and the Rise of Behavioral Economics

The Scandinavian Journal of Economics, Vol. 120, Issue 3, pp. 661-684, 2018
Number of pages: 24 Posted: 13 Jul 2018
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 1 (828,170)
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Endowment effect, mental accounting, nudge, prospect theory

Psychology-based Models of Asset Prices and Trading Volume

Yale ICF Working Paper No. 2018-12
Number of pages: 99 Posted: 24 May 2018 Last Revised: 02 Aug 2019
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 757 (41,184)
Citation 37

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extrapolation, overconfidence, prospect theory, mispricing, bubbles, volume

Psychology-Based Models of Asset Prices and Trading Volume

NBER Working Paper No. w24723
Number of pages: 100 Posted: 18 Jun 2018 Last Revised: 22 Jul 2021
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 38 (543,936)
Citation 10

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16.

Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing

American Economic Review, Vol. 96, No. 4, September 2006
Number of pages: 33 Posted: 10 Jul 2006
Nicholas Barberis, Nicholas Barberis, Ming Huang and Richard H. Thaler
National Bureau of Economic Research (NBER)Yale School of Management, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Chicago - Booth School of Business
Downloads 732 (43,741)
Citation 57

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risk aversion, framing, loss aversion, stock market participation

Using Neural Data to Test A Theory of Investor Behavior: An Application to Realization Utility

Journal of Finance, Forthcoming
Number of pages: 70 Posted: 23 Jul 2011 Last Revised: 22 May 2013
Cary Frydman, Nicholas Barberis, Nicholas Barberis, Colin Camerer, Peter Bossaerts and Antonio Rangel
University of Southern California - Marshall School of Business, National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology - Division of the Humanities and Social Sciences, University of Melbourne - Department of Finance and California Institute of Technology
Downloads 648 (50,738)
Citation 15

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neuroeconomics, trading, disposition effect, realization utility

Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility

NBER Working Paper No. w18562
Number of pages: 61 Posted: 22 Nov 2012 Last Revised: 20 Sep 2021
Cary Frydman, Nicholas Barberis, Nicholas Barberis, Colin Camerer, Peter Bossaerts and Antonio Rangel
University of Southern California - Marshall School of Business, National Bureau of Economic Research (NBER)Yale School of Management, California Institute of Technology - Division of the Humanities and Social Sciences, University of Melbourne - Department of Finance and California Institute of Technology
Downloads 72 (405,033)
Citation 10

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Thirty Years of Prospect Theory in Economics: A Review and Assessment

Number of pages: 34 Posted: 18 Nov 2012
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 632 (52,470)
Citation 5

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prospect theory, loss aversion, probability weighting

Thirty Years of Prospect Theory in Economics: A Review and Assessment

NBER Working Paper No. w18621
Number of pages: 35 Posted: 15 Dec 2012 Last Revised: 20 May 2021
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 39 (538,750)
Citation 42

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The Loss Aversion/Narrow Framing Approach to the Equity Premium Puzzle

Number of pages: 36 Posted: 10 Jul 2006
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 309 (123,192)
Citation 1

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loss aversion, narrow framing, equity premium

The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle

NBER Working Paper No. w12378
Number of pages: 37 Posted: 26 Jul 2006 Last Revised: 29 Apr 2021
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 95 (342,168)
Citation 8

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20.

The Psychology of Tail Events: Progress and Challenges

Number of pages: 12 Posted: 12 Mar 2013
Nicholas Barberis and Nicholas Barberis
National Bureau of Economic Research (NBER)Yale School of Management
Downloads 334 (113,960)
Citation 31

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tail event, probability weighting, prospect theory

21.

Preferences with Frames: A New Utility Specification that Allows for the Framing of Risks

Number of pages: 39 Posted: 07 Jul 2007
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 218 (175,864)
Citation 24

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behavioral finance, diversification, equity premium, utility functions

Mental Accounting, Loss Aversion, and Individual Stock Returns

NBER Working Paper No. w8190
Number of pages: 57 Posted: 24 Mar 2001 Last Revised: 20 May 2021
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 201 (189,501)
Citation 22

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Mental Accounting, Loss Aversion, and Individual Stock Returns

Posted: 23 May 2001
Nicholas Barberis, Nicholas Barberis and Ming Huang
National Bureau of Economic Research (NBER)Yale School of Management and Cornell University - Samuel Curtis Johnson Graduate School of Management

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23.

Extrapolation and Bubbles

NBER Working Paper No. w21944
Number of pages: 53 Posted: 01 Feb 2016 Last Revised: 18 Jun 2021
Nicholas Barberis, Nicholas Barberis, Robin M. Greenwood, Lawrence J. Jin and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, California Institute of Technology and Harvard University - Department of Economics
Downloads 162 (228,878)
Citation 50

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24.

Realization Utility

NBER Working Paper No. w14440
Number of pages: 48 Posted: 27 Oct 2008 Last Revised: 17 Jun 2021
Nicholas Barberis, Nicholas Barberis and Wei Xiong
National Bureau of Economic Research (NBER)Yale School of Management and Princeton University - Department of Economics
Downloads 108 (312,000)
Citation 43

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X-Capm: An Extrapolative Capital Asset Pricing Model

NBER Working Paper No. w19189
Number of pages: 62 Posted: 29 Jun 2013 Last Revised: 07 Jun 2021
Nicholas Barberis, Nicholas Barberis, Robin M. Greenwood, Lawrence J. Jin and Andrei Shleifer
National Bureau of Economic Research (NBER)Yale School of Management, Harvard Business School - Finance Unit, California Institute of Technology and Harvard University - Department of Economics
Downloads 73 (397,347)
Citation 71

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How Does Privatization Work? Evidence from the Russian Shops

NBER Working Paper No. w5136
Number of pages: 38 Posted: 25 May 2006 Last Revised: 26 Aug 2010
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group
Downloads 56 (461,837)
Citation 6

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How Does Privatization Work? Evidence from the Russian Shops

Posted: 28 Feb 1995
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group

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How Does Privatization Work? Evidence from the Russian Shops

J. OF POLITICAL ECONOMY Vol. 104 No. 4, August 1996
Posted: 15 Jul 1996
Nicholas Barberis, Nicholas Barberis, Maxim Boycko, Andrei Shleifer and Natalia Tsukanova
National Bureau of Economic Research (NBER)Yale School of Management, Russian Privatization Center, Harvard University - Department of Economics and The Boston Consulting Group

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