Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the cross-section of average returns. Profitable firms generate significantly higher average returns than unprofitable firms, despite having, on average, lower book-to-markets and...

In principle, a multiproduct firm can set separate prices for all possible bundled combinations of its products (i.e., "mixed bundling"). However, this is impractical for firms with more than a few products, because the number of prices increases exponentially with the number of products. In...

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...

Many developing and transition economies have not yet undertaken the policy integration measures needed to enhance the impact of industry on sustainable development. In this original and insightful book, national experts from Chile, China, the Czech Republic, Pakistan, Tunisia, Turkey and...

The relationship between economic growth and the environment is not well understood: we have only limited understanding of the basic science involved and very limited data. Because of these difficulties it is especially important to develop a series of relatively simple theoretical models that...

This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...

We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...

"This timely Handbook examines the rapidly expanding research area of digital platforms and business ecosystems in the context of manufacturing industries. Chapters analyze core topics such as business model transformation, ecosystem design, and governance, offering an up-to-date overview of...

The cleaning up costs after closure of chemical or nuclear plants are large. They have to be taken into account in the production costs and in the pricing of the corporate, owner of such plants. Moreover, it is necessary to create a reserve account to cover these future large and long term...

In memoriam for Robert Goodland -- Part I Introduction -- 1. The foundations for an ecological economy: an overview / Joshua Farley -- 2. The world in over-shoot: a celebration of Herman Daly's contributions to ecological economics - the science of sustainability / Robert Goodland -- 3. Toward a...