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Productivity dispersion, competition and productivity measurement

Martin, Ralf - London School of Economics (LSE) - 2008

A startling fact of firm level productivity analysis is the large and persistent differences in both labour productivity and total factor productivity (TFP) between firms in narrowly defined sectoral classes. The competitiveness of an industry is potentially an important factor explaining this...

Persistent link: https://www.econbiz.de/10010745506

Imperfect competition in the labour market

Manning, Alan - London School of Economics (LSE) - 2010

It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...

Persistent link: https://www.econbiz.de/10010745736

Productivity spreads, market power spreads and trade

Martin, Ralf - London School of Economics (LSE) - 2010

Much of recent Trade theory focuses on heterogeneity of firms and the differential impacttrade policy might have on firms with different levels of productivity. A common problem isthat most firm level dataset do not contain information on output prices of firms which makesit difficult to...

Persistent link: https://www.econbiz.de/10010745877

Strategic investment, industry concentration and the cross section of returns

Bustamante, Maria Cecilia - London School of Economics (LSE) - 2011

This paper provides an alternative real options framework to assess how firms' strategic interaction under imperfect competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production technologies, the cross sectional variation in...

Persistent link: https://www.econbiz.de/10011071300

Environmental prices, uncertainty and learning

Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2009

There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...

Persistent link: https://www.econbiz.de/10010884522

Environmental prices, uncertainty, and learning

Dietz, Simon; Fankhauser, Samuel - London School of Economics (LSE) - 2010

There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivize private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...

Persistent link: https://www.econbiz.de/10011126224

Deep uncertainty in long-term hurricane risk: scenario generation and implications for future climate experiments

Ranger, Nicola; Niehörster, Falk - London School of Economics (LSE) - 2011

Current projections of long-term trends in Atlantic hurricane activity due to climate change are deeply uncertain, both in magnitude and sign. This creates challenges for adaptation planning in exposed coastal communities. We present a framework to support the interpretation of current long-term...

Persistent link: https://www.econbiz.de/10011071427

Really responsive regulation

Baldwin, Robert; Black, Julia - London School of Economics (LSE) - 2007

Really Responsive Regulation seeks to add to current theories of enforcement by stressing the case for regulators to be …

Persistent link: https://www.econbiz.de/10010744983

Forms and paradoxes of principles-based regulation

Black, Julia - London School of Economics (LSE) - 2008

Principles-based regulation is high on the regulatory agenda in a number of regulatory domains, most particularly … financial regulation. Its supporters argue that it provides a flexible regulatory regime which can facilitate innovation; its … detractors argue that it is simply lax regulation. This article explores the political rhetoric surrounding principles …

Persistent link: https://www.econbiz.de/10010745006

Does pharmaceutical price regulation affect the adoption of generic competition?: evidence from the OECD, 1999-2008

Costa-i-Font, Joan; Varol, Nebibe; McGuire, Alistair - London School of Economics (LSE) - 2011

Generic competition in the pharmaceutical market is an effective cost-containment mechanism that improves static efficiency and stimulates pharmaceutical innovation. There is no prior study that has empirically analysed the relative delays in adoption of generic competition. This paper aims to...

Persistent link: https://www.econbiz.de/10010745148