Strategic Public Shaming: Evidence from Chinese Antitrust

Naming and Shaming for Conservation: Evidence from the Brazilian Amazon

Deforestation in the Brazilian Amazon has dropped substantially after a peak of over 27 thousand square kilometers in 2004. Starting in 2008, the Brazilian Ministry of the Environment has regularly published blacklists of critical districts with high annual forest loss. Farms in blacklisted districts face additional administrative hurdles to obtain authorization for clearing forests. In this pa...

Auctions, Evidence, and Antitrust

Evidence on the strategic allocation of initial public offerings

The evidence reported in this paper suggests that institutional investors capture a large fraction of the short-run profits associated with IPOs. The favored status enjoyed by institutional investors in underpriced offerings appears, however, to carry a quid pro quo expectation that they will participate in less-attractive issues as well. This finding conforms with the Benveniste and Spindt (19...

Nudging by shaming, shaming by nudging.

Nudging In both developing and developed countries, health ministries closely examine use of so-called nudges to promote population health and welfare. Cass Sunstein and Richard Thaler, who developed the concept, define a nudge as “any aspect of the choice architecture that alters people’s behavior in a predictable way without forbidding any options or significantly changing their economic ince...

Competition, Strategic Behaviour and Antitrust Policy: an Evolu

The purpose of this paper is to discuss, under the evolutionary/neoschumpeterian approach, a number of basic issues in competition theory that may have particular bearing on antitrust or competition policy, including a specific focus on the strategic behaviour of firms, which usually remains outside the scope of antitrust analysis. The case of Brazil, more familiar to the authors, will be speci...