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Carbon Taxes, Path Dependency and Directed Technical Change: Evidence from the Auto Industry

Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - C.E.P.R. Discussion Papers - 2012

innovation distinguishing between "dirty" (internal combustion engine) and "clean" (e.g. electric and hybrid) patents across 80 … tax-inclusive fuel prices. Furthermore, there is path dependence in the type of innovation both from aggregate spillovers … and from the firm's own innovation history. Using our model we simulate the increases in carbon taxes needed to allow …

Persistent link: https://www.econbiz.de/10011084407

Dams

Duflo, Esther; Pande, Rohini - C.E.P.R. Discussion Papers - 2005

large dams in India. To account for endogenous placement of dams we use GIS data and the fact that river gradient affects a … estimates suggest that large dam construction in India is a marginally cost-effective investment with significant distributional …

Persistent link: https://www.econbiz.de/10005656412

The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India

Aghion, Philippe; Burgess, Robin; Redding, Stephen J.; … - C.E.P.R. Discussion Papers - 2006

This paper investigates whether the effects, on registered manufacturing output, employment, entry and investment, of dismantling the 'license raj' - a system of central controls regulating entry and production activity in this sector - vary across Indian states with different labour market...

Persistent link: https://www.econbiz.de/10005114468

A Green Light for Environment, or a Green Light for Protection? The EU-US Dispute Over US Corporate Average Fuel Economy Regulations

Francois, Joseph; Nordström, Håkan - C.E.P.R. Discussion Papers - 1996

The US Corporate Average Fuel Economy (CAFE) regulation mandates, subject to a civil penalty, producers to achieve a certain fleet average fuel economy on sales of new passenger cars. Analysing the incentive effects of CAFE, we find that it affords differential tax treatment to car models with...

Persistent link: https://www.econbiz.de/10005504591

Liability for Past Environmental Contamination and Privatization

Earnhart, Dietrich - C.E.P.R. Discussion Papers - 2000

This paper examines the role of liability for past environmental contamination in the privatization processes of Central and Eastern Europe. The theoretical section establishes a link between a risk-averse investor’s amount of information regarding the extent of past environmental...

Persistent link: https://www.econbiz.de/10005504606

Free Trade and Evolving Standards

Casella, Alessandra - C.E.P.R. Discussion Papers - 1995

Because standards and regulations respond to a society's demand for specific public goods, we expect them to be shaped by preferences, endowments, technologies - the fundamental determinants of this demand. There is no a priori reason why standards should be equal in different societies. This...

Persistent link: https://www.econbiz.de/10005504612

Product Standards Coalitions in a Market without Borders

Casella, Alessandra - C.E.P.R. Discussion Papers - 1997

Traditional analyses of standards in international trade identify standards as government regulations and investigate the potential for distortion of trade flows. In reality, however, private industry groups exercise critical influence on the determination of technical standards. The composition...

Persistent link: https://www.econbiz.de/10005498057

Embracing Diversity: Plurilateral Agreements and the Trading System

Hoekman, Bernard; Mavroidis, Petros C - C.E.P.R. Discussion Papers - 2014

Plurilateral agreements in the WTO context allow sub-sets of countries to agree to commitments in specific policy areas that only apply to signatories, and thus allow for ‘variable geometry’ in the WTO. Current WTO rules make it much more difficult to pursue the plurilateral route than to...

Persistent link: https://www.econbiz.de/10011084054

Optimal Incentives under Moral Hazard and Heterogeneous Agents: Evidence from Production Contracts Data

Dubois, Pierre; Vukina, Tomislav - C.E.P.R. Discussion Papers - 2006

The objective of this paper is to develop an analytical framework for estimation of the parameters of a structural model of an incentive contract under moral hazard, taking into account agents heterogeneity in preferences. We show that allowing the principal to strategically distribute the...

Persistent link: https://www.econbiz.de/10005656265

Cognitive Ability and Paternalism

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...

Persistent link: https://www.econbiz.de/10005662402