Bignon, Vincent; Flandreau, Marc - In: The Journal of Economic History 71 (2011) 03, pp. 616-653
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...