The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I

This article analyzes the economics of “badmouthing” in the context of the pre-1914 French capital market. We argue that badmouthing was a means through which racketeering journals sought to secure property rights over issuers’ reputation. We provide a theoretical study of the market setup that emerged to deal with such problems, and we test our predictions using new evidence from contemporary sources.

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Year of publication:	2010-08
Authors:	Bignon, Vincent ; Flandreau, Marc
Institutions:	International Economics Section, The Graduate Institute of International and Development Studies
Subject:	badmouthing \| capital market \| reputation

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Extent:	application/pdf
Series:	IHEID Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 15-2010 39 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008682928