Information-based trade in Russia and the effects of listing abroad

This paper offers empirical evidence about transaction cost in Russia. After relating empirical measures of information and liquidity to corporate characteristics, competitive theories about cross-listings are tested. Since cross-listings generate competitive effects on transaction costs, potential to affect price discovery exists. The results reveal a lower share of private information for cross-listed firms since more transparent accounting standards reduce the incentives to collect superior information. Robustness for the evidence presented in favor of the legal bonding hypothesis is provided by those firms which list with the highest Russian standards. Measures of information-based trade are lower and the likelihood of listing abroad is significantly higher.     

Electoral Competition through Issue Selection

Politics must address multiple problems simultaneously. In an ideal world, political competition would force parties to adopt priorities that reflect the voters' true concerns. In reality, parties can run their campaigns in such a way as to manipulate voters' priorities. This phenomenon, known as priming, may allow parties to underinvest in solving the issues that they intend to mute. We develop a model of endogenous issue ownership in which two vote‐seeking parties (a) invest in policy quality to increase the value of their platform and (b) choose a communication strategy to prime voters. We identify novel feedback between communication and investment. In particular, we find that stronger priming effects can constrain parties to invest more resources in all issues. We also identify the conditions under which parties prefer to focus on their “historical issues” or to engage in “issue stealing.”     

欧洲专利申请程序及途径介析

在欧洲申请专利有四种途径:直接适用国内程序;直接适用欧洲专利局程序;国内程序和专利合作条约程序相结合;欧洲专利局程序和专利合作条约程序相结合。不同申请途径的主要程序各不相同、各有不足。对这些程序进行介绍和分析,有助于专利代理人了解欧洲专利申请,以更好地为客户服务。     

Investigating the determinants of pretrial settlement rates: contingent versus non-contingent lawyers’ fees

In this article, we explore the possibility that the percentage of litigations settled outside of court is affected by the degree of contingency of lawyers’ fees. In our view, a litigation is a game where not only the plaintiff and the defendant, but also their lawyers are independent players. The main consequence of this assumption is that the authority to settle is allocated endogenously to either the clients or their lawyers, depending on the value of the relevant parameters. In this game theoretical setup, (1) we compare the incentives to settle provided by contingent and non-contingent lawyers’ fees, and (2) we state the conditions under which settlement is more likely to happen.      

Crossing the boundary: Peasants, shepherds, and servants in a western Alpine community

In the historical and anthropological literature, western Alps servants were widely assumed to be few in number, and the importance of the institution of service therefore negligible. This study combines historical-demographic and ethnographic methods to investigate whether this was true of a community in the Italian western Alps with a mixed population of peasants and transhumant shepherds. Surprisingly, a valuable 1951 census reveals that seemingly small numbers hide what was actually a normal phase in the life course of peasant sons whom shepherds recruited to work as servants. Distinct patterns of life-cycle and lifetime service seem to have coexisted in the same community. The evidence also confirms that in southern Europe, as some recent studies have pointed out, the institution of service often was not just the circulation of young men and women between households but an asymmetrical exchange between different socioeconomic groups. Otherwise rigid social and cultural boundaries were thereby crossed.     

Political Constitutionalism and the Question of Constitution‐Making

The debate on political constitutionalism has entirely neglected the constitution‐making dimension. This is probably due to the fact that constitution‐making usually brings with it undesirable outcomes such as the entrenchment of rights or structures. These outcomes do not respect reasonable disagreement among citizens because they violate the only fair system for settling disagreement: majority rule and equal voting rights. This article argues that political constitutionalists may regret the absence of any claim about constitution‐making. Either they are overlooking certain problems inherent to the electoral process that is supposed to tackle disagreement or, even worse, they are downplaying the entrenching effect of ordinary political processes by ignoring the redemptive properties of constituent power. In both cases, their claims undermine the political dimension of constitutionalism.     

Working women in France,nineteenth and twentieth centuries. Where,when, and which women were in work at marriage?

We look at women's labour force participation for the whole of France in the nineteenth and twentieth centuries. We study to what extent young women were working at the time of their marriage, in which occupations, and how differences in labour force participation might be explained. Using a sample of 53,451 marriage records from the TRA project, we identify regional and temporal differences in rates of female labour force participation and in types of work in France between 1860 and 1986.We observe rather stable levels of female labour force participation between 1860 and 1950 of about 60 per cent, but higher levels in the second half of the twentieth century. Over time, women started to work across virtually all occupational sectors. Regional differences declined over time but continued to exist in the late twentieth century. We formulate a set of hypotheses to explain which women worked, taking into account their resources, as well as their expectations, in a male-breadwinner-dominated society. The results of our hierarchical logistic analysis indicate that women with fewer parental resources were more likely to work.