Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/77379
Authors: 
Bignon, Vincent
Flandreau, Marc
Year of Publication: 
2010
Series/Report no.: 
Graduate Institute of International and Development Studies Working Paper 15/2010
Abstract: 
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.
Document Type: 
Working Paper

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