Can corporate debt and managerial incentives help firms collude? Fiocco, @salvapicc and Spagnolo show that debt and managerial incentives can act as complementary tools to sustain collusion, particularly when financial distress imposes personal costs on managers. 1/2
Common lenders can further facilitate collusion when firms cannot commit to debt and compensation contracts. Read more at onlinelibrary.wiley.com/doi/… 2/2
How should a monopolist price a product when past purchases change future demand? Lemarie and Vergara show how satiation and habit shape optimal dynamic pricing, price discrimination between new and returning customers, and the ability to commit to future prices— 1/2
with implications that challenge standard models of behaviour-based price discrimination. Read more at onlinelibrary.wiley.com/doi/…
Can affordable school-age childcare boost mothers’ earnings? He, @LaetitiaRenee and Sayour present evidence from Quebec’s 1998 reform that made before- and after-school care widely available and find that mothers’ annual income rose by 7%. Read more at onlinelibrary.wiley.com/doi/…
Do dads influence other dads’ paternity leave decisions? Using Quebec’s 2006 reform and administrative data, Diallo and @fabolange find that having a male co-worker take leave increases a new father’s likelihood of taking leave by 3–6 percentage points. 1/2
Credible evidence that workplace peers can help shift gender norms. Read more at onlinelibrary.wiley.com/doi/… 2/2
Mazur and Pendakur examine if changes in the genrosity of the Canadian Child Benefit altered household spending consumed by adult household members, and on preferences within the dual-parent households. They find that it did increase women’s resource shares among homeowners, 1/2
but no evidence that the policy change affected preferences. The findings highlight how the impact of family policy can depend on household housing tenure.
Read more at onlinelibrary.wiley.com/doi/…
The latest issue of Canadian Journal of Economics is now available onlinelibrary.wiley.com/toc/…
Does the money supply affect the price of art? New evidence from Canadian and Australian painting markets by Hodgson, weber and Coate suggests a modern “Cantillon effect”: prices of top-tier paintings move closely with the money supply, while lower-prestige paintings track 1/2
consumer prices more closely. The art market is not homogeneous.
Read the article at onlinelibrary.wiley.com/doi/…
How mobile was Canada in the 19th century? Using linked Census records from 1871–1901, Antonie, @kris_inwood, Minns and Summerfield uncover striking regional differences in intergenerational mobility: Ontario had high relative and absolute mobility, Quebec low mobility on 1/2
both measures, and the Maritimes low absolute mobility. Read more as well as their explanations for these differences at onlinelibrary.wiley.com/doi/…
2/2
Do disability benefits discourage employment? New research by @S_Chareyron and Mahmoudi using French data finds that disability benefits reduce employment among low-skilled youth with disabilities—but the effect is driven entirely by women. Read more at onlinelibrary.wiley.com/doi/…
China's overseas patents have rapidly grown recently. Deng, Jing and Ries investigate whether they influenced both the volume and prices of Chinese firms' exports, presenting evidence they lowered prices. Read more at onlinelibrary.wiley.com/doi/…
Is free trade good for renewable resources? M Scott Taylor improves our understanding of the relationship between openness to world markets and resource overuse. Read more at onlinelibrary.wiley.com/doi/…
Bian, @ckhead and Orr present a new method to carry out strategic trade policy in settings where the model of conduct is unknown. Read more at onlinelibrary.wiley.com/doi/…
The latest CJE includes the Symposium in Honour of James A. Brander featuring 4 original articles and 4 short pieces by leading trade economists on how trade policy has changed.
Check it out at onlinelibrary.wiley.com/toc/…
The latest issue of Canadian Journal of Economics is now available onlinelibrary.wiley.com/toc/…
