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William Goetzmann, David Le Bris, and Sébastien Pouget
vol. 132, n. 1, 2019, pp. 248–265
We study asset pricing over the longue durée using share prices and net dividends from the Bazacle company of Toulouse, the earliest documented shareholding corpo- ration. The data extend from the firm's foundation in 1372 to its nationalization in 1946. We find an average dividend yield of 5% per...
Alexandre Cornière (de), and Greg Taylor
vol. 50, n. 4, 2019, pp. 854–882
We study situations in which consumers rely on a biased intermediary’s advice when choosing among sellers. We introduce the notion that sellers’ and consumers’ payoffs can be congruent or conflicting, and show that this has important implications for the effects of bias. Under congruence, the firm...
Margot Dazey
vol. 117, n. 4, December 2019, pp. 74–93
This article studies the way in which local actors in Muslim associations strive to be recognized as respectable interlocutors by local public authorities. On the basis of an ethnographic survey carried out among members of the Muslim Federation of Gironde, we aim to reconstruct the conditions for...
Marion Desquilbet, David S. Bullock, and Filippo Maria D'Arcangelo
vol. 17, n. 5, 2019, pp. 326–337
Weed control in the U.S. Midwest has become increasingly herbicide-centric due to the adoption of herbicide-tolerant (HT) crops in the 1990s. That integrated weed management (IWM) practices, including ecological and mechanical controls, are scarcely used is concerning. IWM would be a more...
Francesca Barigozzi, Helmuth Cremer, and Chiara Monfardini
vol. 3, 2019, pp. 63–98
Our model studies couples. time allocation and career choices, which are a¤ected by a social norm on gender roles in the family. Parents can provide two types of informal child care: basic care (feeding, changing children, baby-sitting) and quality care (activities that stimulate children.s social...
Lucie Bottega, and Jenny de Freitas
vol. 178, 2019, pp. 33–36
A label that imperfectly signals product quality is analyzed in a Bertrand duopoly with differentiated products. Considering strategic firms when certification is imperfect has some important implications. A separating equilibrium can be sustained with a free test due to price strategic...
Camelia Goga, and Anne Ruiz-Gazen
vol. 63, n. 2-3, 2019
T.H.A Nguyen, Anne Ruiz-Gazen, Christine Thomas-Agnan, and Thibault Laurent
vol. 12, n. 1, 2019
To model multivariate, possibly heavy-tailed data, we compare the multivariate normal model (N) with two versions of the multivariate Student model: the independent multivariate Student (IT) and the uncorrelated multivariate Student (UT). After recalling some facts about these distributions and...
Liliane Bonnal, Pascal Favard, and Kady Marie-Danielle Sorho-Body
vol. 40, n. 4, 2019, pp. 591–615
Liliane Bonnal, and Xavier Moinier
vol. 7, n. 4, 2019, pp. 53–70
