Do more intelligent investors take better economic decisions than less intelligent ones? Is risk attitude, in particular risk/loss aversion, linked to cognitive ability? Does an investor’s cognitive ability impact his/her patience? Is financial performance positively linked to investor’s...

In this article, the author incorporates fair play norms into the analysis of the basic performance-enhancing drug game proposed in 2004 by Haugen (in the Journal of Sports Economics). In some cases, it leads to a modification in the very nature of the game, switching it from a prisoner's...

[eng] Banking equity participations in small firms' capital and real business cycles : a theoretical model. . This paper highlights different effects that banking equity participations in small firms'capital may have. In the model we propose, banking participations sti­mulate investment and...

[eng] Banking system efficiency, loan market structure and economic activity. . German and Japanese ("bank-oriented") financial systems are featured by the dominance of a small number of large banks. Despite the high concentration of the banking market, it is often argued that such financial...

[eng] Long-term credit relationships and the structure of local banking markets. . This paper provides a spatial competition model of the banking sector, in which banks and firms can endure long-term relationships. We show that the fraction of borrowers with long-term contracts depends...

Using a simple experimental approach on 126 French students, we test the assumption that students participating in sports activities have specific economic behavior. We find that sports practice intensifies the usual gender differences: athletic participation seems to render boys still more...