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Decomposing U.S. Water Use Since 1950. Is the U.S. Experience Replicable?

Debaere, Peter; Kurzendoerfer, Amanda - C.E.P.R. Discussion Papers - 2015

Water use in the U.S. has followed a remarkable pattern since 1950, not mimicking the almost uninterrupted 110 percent … improvement in per capita GDP. After doubling between 1950 and 1980, the total volume of water withdrawn has stabilized and even ….S. to produce each dollar of its GDP with increasingly less water stems from long-term structural changes of the U …

Persistent link: https://www.econbiz.de/10011272709

A Dynamic Model of Price Discrimination and Inventory Management at the Fulton Fish Market

Graddy, Kathryn; Hall, George - C.E.P.R. Discussion Papers - 2009

We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set … the key features observed in a set of high quality transaction-level data on fish sales collected at the Fulton fish …

Persistent link: https://www.econbiz.de/10005036234

When are Supply and Demand Determined Recursively Rather than Simultaneously? Another look at the Fulton Fish Market Data

Graddy, Kathryn; Kennedy, Peter E - C.E.P.R. Discussion Papers - 2007

(OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night’s catch …, so this would appear to be a good example of a recursive market. Despite this, data from the Fulton fish market are …

Persistent link: https://www.econbiz.de/10005504667

Markets: The Fulton Fish Market

Graddy, Kathryn - C.E.P.R. Discussion Papers - 2006

-functioning. However, an important role of centralized markets is matching heterogeneous products, such as fish, to buyers of these … products. The high level of differentiation in the Fulton fish market and the institutional structure at the Fulton market has …

Persistent link: https://www.econbiz.de/10005136669

Evaluating the law of one price using micro panel data

Gobillon, Laurent; Guillotreau, Patrice; Wolff, … - C.E.P.R. Discussion Papers - 2013

This paper investigates spatial variations in product prices using an exhaustive micro dataset on fish transactions …. The data record all transactions between vessels and wholesalers that occur on local fish markets in France during the … year 2007. Spatial disparities in fish prices are sizable, even after fish quality, time, seller and buyer unobserved …

Persistent link: https://www.econbiz.de/10011083488

Global Sourcing

Antràs, Pol; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2004

We present a North-South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...

Persistent link: https://www.econbiz.de/10005788904

Sequential Investments and Options to Own

Nöldeke, Georg; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 1997

This paper analyses the investment incentives given by contingent ownership structures that are prevalent in joint ventures. We consider a variation of the standard hold-up problem where two parties make relationship-specific investments sequentially in order to generate a joint surplus in the...

Persistent link: https://www.econbiz.de/10005791993

Foreign Direct Investment and Spillovers through Backward Linkages

Matouschek, Niko - C.E.P.R. Discussion Papers - 1999

Foreign direct investment projects can generate spillovers through backward linkages in the host economy. This will be the case if local competitors in the project's own industry can benefit from the upstream efficiency improvements that were induced by the foreign firm. We provide...

Persistent link: https://www.econbiz.de/10005792033

Entrepreneurial Entry: Which Institutions Matter?

Aidis, Ruta; Estrin, Saul; Mickiewicz, Tomasz - C.E.P.R. Discussion Papers - 2009

In this paper we explore the relationship between the individual decision to become an entrepreneur and the institutional context. We pinpoint the critical roles of property rights and the size of the state sector for entrepreneurial activity and test the relationships empirically by combining...

Persistent link: https://www.econbiz.de/10005792210

Inequality, Democracy and the Emergence of Institutions

Gradstein, Mark - C.E.P.R. Discussion Papers - 2004

This Paper considers the emergence of institutions as a political outcome, arguing that the support for protection of private property rights is stronger the higher is the economy's aggregate income and the more equal its distribution. When these conditions initially hold, the politically...

Persistent link: https://www.econbiz.de/10005792258