12/24/2022 0 Comments Atc3 v atc4![]() ![]() Georges Siotis gratefully acknowledges the financial support from the Ministerio Economía y Competitividad (Spain) grants Beca I3 2006/04050/011, ECO2015-65204-P, MDM 2014-0431, and Comunidad de Madrid grant MadEco-CM (S2015/HUM-3444). Micael Castanheira is “Directeur de recherche” FRS-FNRS and gratefully acknowledges their financial support. We would like to thank two anonymous referees, the Editor, Laurent Bouton, Guilhem Cassan, Christopher Cotton, Raffaele Fiocco, Michel Goldman, Margaret Kyle, Patrick Legros, Alessandro Lizzeri, Laurent Mathevet, Jacopo Perego, Régis Renault, Patrick Rey, Pablo Querubin, Tobias Salz, Fiona Scott Morton, Denni Tommasi, and Philippe Weil for their helpful comments, as well as seminar participants at Oxford University, ECARES, i3h, the Paris School of Economics, Queen's University, Universidad Carlos III, Université de Cergy-Pontoise, Université de Lausanne, EARIE2016, and CRETE2016. The genesis of this paper owes a lot to her insights and enthusiasm. This paper is dedicated to the memory of Maria-Ángeles de Frutos, who passed away just after completing a closely related paper.
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