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.


Publication infos:
Geneva, The Graduate Institute of International and Development Studies, 2010
Publication year:
2010
Number of pages:
39 p. : ill.
Collection:
HEID Working Paper ; 15/2010



 Record created 2011-08-09, last modified 2019-08-05

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