This paper investigates the relationship between the selling price of diamonds and their weight in carats. For this purpose, we use a unique sample of 112,080 certified diamonds collected from www.info-diamond.com during the first week of July 2011. We find substantial differences in pricing...

Using a Japanese sample of 3024 firm-year observations in the period 2000 to 2002, we investigate the relation between cash flow, debt, investment and performance according to whether the firm is multinational (versus domestic), keiretsu (versus independent) or both multinational and keiretsu....

In France, the reform of the judicial map initiated in mid-2007 and achieved in 2010 led to a large reduction in the number of first instance courts, from nearly 500 to around 300. In this paper, we investigate the consequences of this reform on conciliation activities. We rely on a panel data...

The present paper adopts a modelling perspective derived from goods characteristics analysis [Lancaster (1971)] and the general ideas of transactions costs. This is implemented in estimated equations, which feature the age of partner sought as the dependent variable and own age and various other...

Ehrlich?s seminal work led to several econometric analyses on the deterrent effect of punishment. Our paper extends this literature by using original cross-section time-series covering the 30 French appeal court areas from 1988 to 1993. Because of a restricted access to the crime data, we focus...

People are consumers and voters. Their sentiment about the economy and the competence of their leaders determine their confidence level. This research note investigates whether economic conditions measured by changes in the recent consumption level modify the dynamics of confidence formation....

People are consumers and voters. Their sentiment about the economy and the competence of their leaders determine their confidence level. This research note investigates whether economic conditions measured by changes in the recent consumption level modify the dynamics of confidence formation....