Showing 1 - 9 of 9
Courts have articulated a number of legal tests to distinguish corporate transactions that have a legitimate business or economic purpose from those carried out largely, if not solely, for favorable tax treatment. We outline an approach to analyzing the economic substance of corporate...
Persistent link: https://www.econbiz.de/10013081258
The existing literature on firms, based on incomplete contracts and property rights, emphasizes that the ownership of assets - and thereby firm boundaries - is determined in such a way as to encourage relationship-specific investments by the appropriate parties. It is generally accepted that...
Persistent link: https://www.econbiz.de/10012765370
This paper discusses some of the attempts economists have made in the last ten years or so to integrate norms into the theory of the firm. The paper argues that (a) although norms are undoubtedly very important both inside and between firms, incorporating them into the theory has been very...
Persistent link: https://www.econbiz.de/10013215343
the form of residential sorting, can lead to non-random assignment of pollution, economists have employed a wide range of … quasi-experimental techniques to develop causal estimates of the effect of pollution. Second, economic research has placed a … biological and behavioral effects of pollution and for proper welfare calculations. Lastly, economic research has expanded the …
Persistent link: https://www.econbiz.de/10013083807
of evidence links pollution with poor health, and health is an important part of human capital, efforts to reduce … pollution could plausibly be viewed as an investment in human capital and thus a tool for promoting economic growth. While a … handful of studies have documented the impacts of pollution on labor supply, this paper is the first to rigorously assess the …
Persistent link: https://www.econbiz.de/10013068130
We investigate the effect of pollution on worker productivity in the service sector by focusing on two call centers in … China. Using precise measures of each worker's daily output linked to daily measures of pollution and meteorology, we find … that higher levels of air pollution decrease worker productivity by reducing the number of calls that workers complete each …
Persistent link: https://www.econbiz.de/10012989130
In this paper, we investigate the dynamics of informational regulatory approaches by analyzing the impact of smog alerts issued on consecutive days on discretionary outdoor activities in Southern California. Short-run adjustments to transitory risk entail costs that are likely to influence the...
Persistent link: https://www.econbiz.de/10012751334
A pervasive problem in the literature on the health costs of pollution is that optimizing individuals may compensate … for increases in pollution by reducing their exposure to protect their health. This implies that estimates of the health … effects of pollution may vastly understate the full welfare effects of pollution, particularly for individuals most at risk …
Persistent link: https://www.econbiz.de/10013231226
In this paper, we examine the impact of poor water quality on avoidance behavior by estimating the change in bottled water purchases in response to drinking water violations. Using data from a national grocery chain matched with water quality violations, we find an increase in bottled water...
Persistent link: https://www.econbiz.de/10013093964