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...

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...

Dass wir keinen Planeten B haben und unsere Erde respektvoll behandeln sollten, versteht jeder sofort. Aber aus dieser Erkenntnis heraus eine Handlung zu formen, fällt vielen schwer. Dieses Buch befähigt Sie, die Transformation ihrer Organisation zu einem ökologisch nachhaltigen Unternehmen...

Mit diesem Buch werden Sie bessere Entscheidungen für eine nachhaltigere Wirtschaft treffen. Sie werden Ihr Handeln kritisch reflektieren und durch eine klare Nachhaltigkeitspositionierung entscheidende Wettbewerbsvorteile schaffen.

Unternehmen setzen sich vermehrt und profunder mit dem Thema Nachhaltigkeit auseinander. Das Buch hilft Unternehmen, sich der Kreislaufwirtschaft anzunehmen und neue, langfristig ausgelegte Geschäftsmodelle zu finden und dadurch mittel- bis langfristig eine höhere Produktivität und eine...