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David Le Bris, William Goetzmann, and Sébastien Pouget
April 2025, pp. 1–26
The origin of the modern joint-stock company is typically traced to the concomitant appearance of large-scale maritime trading companies in England and the Netherlands in the early seventeenth century. Highlighting medieval cases in southern Europe, we claim that the joint-stock company emerged...
Zaineb Smida, Thibault Laurent, and Lionel Cucala
vol. 66, n. 100888, April 2025
A scan method for functional data indexed in space has been developed. The scan statistic is derived from the Hotelling test statistic for functional data, extending the univariate and multivariate Gaussian spatial scan statistics. This method consistently outperforms existing techniques in...
Sylvie Borau
vol. 198, n. 1, April 2025, pp. 1–19
The use of female AI agents, such as vocal assistants, chatbots and robots, is on the rise, but the indiscriminate feminization of these AI agents poses novel ethical concerns about their impact on gender relations in society. This conceptual article argues that AI agents, even virtual ones, can...
Frédéric Boissay, Fabrice Collard, Cristina Manea, and Alan Shapiro
vol. 21, n. 2, April 2025, pp. 147–220
This paper explores the state-dependent effects of a monetary tightening on financial stress, focusing on a novel dimension: whether inflation is driven by supply versus demand factors at the time of the policy intervention. These underlying factors likely affect the economy’s financial resilience...
Thomas Ragel, and Bruno Ziliotto
April 2025
Gabriel Ulyssea, Matteo Bobba, Lucie Gadenne, and Mariaflavia Harari
vol. 6, n. 2, April 2025
Most low- and middle-income countries are characterised by a large informal sector, which implies that a substantial fraction of economic activity and livelihoods in these countries goes on completely unregulated. This has important implications for the behaviour of firms, workers, families, and...
Philippe De Donder, David Bardey, and Vera Zaporozhets
vol. 4, n. 26, April 2025
We review the medico-economic literature assessing the economic value of diagnostic and prognostic tests, with a focus on innovative and, more specifically, companion tests. Our analysis begins with a summary of systematic reviews that provide a descriptive synthesis of existing findings rather...
Philippe De Donder, Humberto Llavador, Stefan Penczynski, John E. Roemer, and Roberto Vélez
The vaccination game exhibits positive externalities. The standard game-theoretic approach assumes that parents make decisions according to the Nash protocol, which is ndividualistic and non-cooperative. However, in more solidaristic societies, parents may behave cooperatively, optimizing according...
Giacomo Lemoli
vol. 58, n. 5, April 2025, p. 890–923
This paper studies the relationship between ethnic media, which produce content in a minority language, and the success of ethnic parties. I argue that, by embedding cultural traits in entertainment products, media outlets can shape the salience of group identity, which helps parties’ mobilization...
Alexandre de Cornière, Andrea Mantovani, and Shiva Shekhar
vol. 71, n. 4, April 2025, pp. 3340–3356
We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogeneous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on...
