1. HEC Montréal, 3000, chemin de la Côte-Sainte-Catherine, Montréal, Québec, Canada H3T 2A7, Center for Interuniversity Research and Analysis in Organizations (CIRANO), and National Bureau of Economic Research (NBER).
2. Columbia Business School, 824 Uris Hall, 3022 Broadway, New York, NY 10027, Center for Economic Policy Research (CEPR), CIRANO, and NBER.
3. INSEAD, 1 Ayer Rajah Avenue, Singapore 138676, and CEPR.