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Carbon taxes, path dependency and directed technical change: evidence from the auto industry
Aghion, Philippe; Dechezlepretre, Antoine; Hemous, David; … - London School of Economics (LSE) - 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/10011071158
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Does foreign environmental policy influence domestic innovation? Evidence from the wind industry
Dechezlepretre, Antoine; Glachant, Matthieu - London School of Economics (LSE) - 2011
This paper examines the relative influence of domestic and foreign renewable energy policies on innovation activity in … new capacities by increasing their innovation effort. However, the effect on innovation of the marginal wind turbine …
Persistent link: https://www.econbiz.de/10010745607
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Does foreign environmental policy influence domestic innovation?: evidence from the wind industry
Dechezlepretre, Antoine; Glachant, Matthieu - London School of Economics (LSE) - 2014
countries on the rate of innovation in this technology. We use annual wind power generation to capture the stringency of the … an indicator of innovation activity. We find that wind technology improvements respond positively to policies both home … constitutes a powerful policy leverage for boosting environmental innovation globally. …
Persistent link: https://www.econbiz.de/10011126232
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CEO incentive contracts in China: why does city location matter?
Bryson, Alex; Forth, John; Zhou, Minghai - London School of Economics (LSE) - 2013
CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of Special Economic Zones (SEZs) to attract...
Persistent link: https://www.econbiz.de/10010884490
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Who posts performance bonds and why?: evidence from China's CEOs
Bryson, Alex; Forth, John; Zhou, Minghai - London School of Economics (LSE) - 2014
Despite their theoretical value in tackling principal–agent problems at low cost to firms there is almost no empirical literature on the prevalence and correlates of performance bonds posted by corporate executives. We show that they are an important feature in today's CEO labour market in...
Persistent link: https://www.econbiz.de/10011126044
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Same or different? the CEO labour market in China's public listed companies
Bryson, Alex; Forth, John; Zhou, Minghai - London School of Economics (LSE) - 2014
Using linked employer-employee data for all China's public listed firms over the period 2001-10, we find top executive compensation exhibits many of the traits familiar in the Western literature, although sometimes in a more muted way, and with some clear exceptions. We also find a role for...
Persistent link: https://www.econbiz.de/10011126733