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William Goetzmann, David Le Bris et Sébastien Pouget
vol. 132, n° 1, 2019, p. 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...
Jean-Pierre Amigues et Tunc Durmaz
vol. 24, n° 6, décembre 2019, p. 703–725
Benjamin Ouvrard
vol. 34, n° 2, 2019, p. 3–60
Sara Capacci, Céline Bonnet, Mario Mazzocchi et Olivier Allais
vol. 14, n° 10, 2019
We estimate the price and consumption effects of the 2012 French tax on sweetened non-alcoholic drinks using a difference-in-difference approach. Our identification strategy exploits Italian data as a natural control group. We use French and Italian Consumer Price Indices, purchase prices and...
Ian Schneider
Atria Mercure Compans Caffarelli, Toulouse, France, 2019
Félix Grey (Cambridge University)
Estelle Malavolti et Frédéric Marty
vol. 70, n° 2, 2019, p. 149–166
Les conventions liant des aéroports secondaires et des compagnies aériennes à bas coût ont donné lieu à un abondant contentieux concurrentiel. La compatibilité de ces dernières avec l'encadrement européen des aides publiques peut être interrogée en regard des risques induits de distorsions de...
Justina Klimaviciute, Harun Onder et Pierre Pestieau
2019, p. 1–20
The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. It shows that, in the absence of retirement annuities, or for a given level of annuitization, both...
Jean-Paul Azam
vol. 25, n° 4, 2019
Desheng Huang, Henrik Andersson et Shiqiu Zhang
vol. 61, n° 12, 2019, p. 2207–2229
This study reports the results from a discrete choice experiment (DCE) conducted in Beijing China. The aim and the objectives of the study are to elicit monetary values for the value of a statistical life (VSL) and the value of a statistical illness (VSI) that can be considered for policy purposes...
