Similar Search Results

Taxes, cigarette consumption, and smoking intensity: reply

Adda, Jérôme; Cornaglia, Francesca - London School of Economics (LSE) - 2013

This paper shows that smoking intensity, i.e. the amount of nicotine extracted per cigarette smoked, responds to changes in excise taxes and tobacco prices. We exploit NHANES data covering the period 1988 to 2006 across many US states. Moreover, using panel data from the Coronary Artery Risk...

Persistent link: https://www.econbiz.de/10011126663

Capital markets, ownership and distance

Carlin, Wendy; Charlton, Andrew; Mayer, Colin - London School of Economics (LSE) - 2006

This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …

Persistent link: https://www.econbiz.de/10010884649

Strategic investment, industry concentration and the cross section of returns

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

competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …

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

The causal effects of an industrial policy

Criscuolo, Chiara; Martin, Ralf; Overman, Henry G.; Van … - London School of Economics (LSE) - 2012

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

Persistent link: https://www.econbiz.de/10011126451

Entry and asymmetric lobbying: why governments pick losers

Baldwin, Richard E.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2007

Governments frequently intervene to support domestic industries, but a surprising amount of this support goes to ailing sectors. We explain this with a lobbying model that allows for entry and sunk costs. Specifically, policy is influenced by pressure groups that incur lobbying expenses to...

Persistent link: https://www.econbiz.de/10010884692

Trade and growth with heterogeneous firms

Baldwin, Robert; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2006

This paper explores the impact of trade on growth when firms are heterogeneous. We find that greater openness produces anti-and pro-growth effects. The Melitz-model selection effects raises the expected cost of introducing a new variety and this tends to slow the rate of new-variety introduction...

Persistent link: https://www.econbiz.de/10010746195

Protection for sale made easy

Baldwin, Richard E.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2007

Formal analysis of the political economy of trade policy was substantially redirected by the appearance of Gene Grossman and Elhanan Helpman’s 1994 paper, “Protection for Sale”. Before that article a fairly wide range of approaches were favoured by various authors on various issues, but...

Persistent link: https://www.econbiz.de/10011071115

CEO incentive contracts in China: why does city location matter?

Bryson, Alex; Forth, John; Zhou, Minghai - London School of Economics (LSE) - 2013

: the use of Special Economic Zones (SEZs) to attract foreign direct investment (FDI), and the rate at which state owned …

Persistent link: https://www.econbiz.de/10010884490

The effect of credit rationing on the shape of the competition-innovation relationship

Bena, Jan - London School of Economics (LSE) - 2009

negative effect of financial constraints on firm- and aggregate-level R&D investment is most pronounced at both high and low …

Persistent link: https://www.econbiz.de/10010745834

What do internal capital markets do?: redistribution vs. incentives

Gautier, Axel; Heider, Florian - London School of Economics (LSE) - 2001

which do not have the best investment opportunities in future production stages. In contrast to the existing literature we …

Persistent link: https://www.econbiz.de/10010745870