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Laurent Fresard, Ulrich Hege, and Gordon Phillips

vol. 30, n. 5, 2017, pp. 1539–1582

We investigate the role of industry specialization in horizontal cross-border merg- ers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of industry...

Bruno Jullien, Jérôme Pouyet, and Wilfried Sand-Zantman

vol. 48, n. 3, 2017, pp. 733–748

We analyze early contracting when a seller has private information on the future gains from trade and the buyer can bypass. Despite ex-post trade occurring under complete information and being efficient, early negotiation with an informed seller allows the uninformed buyer to improve her bargaining...

Jean-François Bonnefon, Marco Heimann, and Katia Lobre-Lebraty

vol. 12, n. 2, 2017, pp. 200–215

Jérôme Renault, and Xavier Venel

vol. 42, n. 2, 2017, pp. 349–376

Hélène Juillard, Guillaume Chauvet, and Anne Ruiz-Gazen

vol. 112, n. 518, 2017, pp. 850–858

The cross-classified sampling design consists in drawing samples from a twodimension population, independently in each dimension. Such design is commonly used in consumer price index surveys and has been recently applied to draw a sample of babies in the French Longitudinal Survey on Childhood, by...

Alessandro Bonatti, and Johannes Hörner

vol. 12, n. 1, 2017, pp. 425–475

This paper analyzes the impact of market structure on career concerns. Effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. For any wage, the agent works too little, too late. Under short-term contracts,...

Emmanuelle Auriol, and Tina Soreide

vol. 50, 2017, pp. 36–49

With a view to reducing the consequences of corruption in public procurement, many governments have introduced debarment of suppliers found guilty of corrup- tion and some other forms of crime. This paper explores the market effects of debarment on public procurement. Debarment is found to make...

Jean-François Bonnefon, and Sylvie Borau

vol. 36, n. 3, 2017, pp. 457–476

Advertisements often display ideal female bodies which create unattainable standards of beauty, generating body anxiety and disorders in female viewers. Accordingly, public health concerns would encourage the use of natural, unedited models in advertisements. However, the advertising performance of...

Olivier Faugeras, and Ludger Rüschendorf

vol. 48, n. 1, 2017

Our purpose is both conceptual and practical. On the one hand, we discuss the question which properties are basic ingredients of a general conceptual notion of a multivariate quantile. We propose and argue that the object “quantile” should be defined as a Markov morphism which carries over similar...

Helmuth Cremer, and Kerstin Roeder

vol. 30, 2017, pp. 141–161

We show that once interfamily exchanges are considered, Becker?s rotten kids mechan- ism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of e¢fficiency in the contribution game amongst siblings extends to a setting...