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The Other Side of Value : Good Growth and the Gross Profitability Premium
Novy-Marx, Robert - 2010
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...
Persistent link: https://www.econbiz.de/10012462711
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Nearly Optimal Pricing for Multiproduct Firms
Chu, Chenghuan Sean - 2008
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...
Persistent link: https://www.econbiz.de/10012464731
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Technology, Information and the Decentralization of the Firm
Acemoglu, Daron - 2006
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...
Persistent link: https://www.econbiz.de/10012466463
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The Kindergarten Rule of Sustainable Growth
Brock, William A. - 2003
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...
Persistent link: https://www.econbiz.de/10012469101
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Trade and Environment Beyond Singapore
Whalley, John - 1996
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...
Persistent link: https://www.econbiz.de/10012473066
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Sustainable Growth and the Green Golden Rule
Beltratti, Andrea - 1993
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...
Persistent link: https://www.econbiz.de/10012474520
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Ownership and Control in Outsourcing to China : Estimating the Property-Rights Theory of the Firm
Feenstra, Robert C. - 2004
In this paper, we develop a simple model of international outsourcing and apply it to processing trade in China. We observe China's processing exports broken down by who owns the plant and by who controls the inputs the plant processes. Multinational firms engaged in export processing in China...
Persistent link: https://www.econbiz.de/10012468496
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The Effect of Pollution and Heat on High Skill Public Sector Worker Productivity in China
Kahn, Matthew E. - 2019
estimates of the private sector productivity elasticities with respect to pollution …
Persistent link: https://www.econbiz.de/10012479547
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Ambiguous Pollution Response to COVID-19 in China
Almond, Douglas - 2020
Reductions in ambient pollution have been taken as an indisputable "silver lining" to the COVID-19 Pandemic. Indeed …, including to China's notoriously-poor air quality. We analyze China's official pollution monitor data and account for the large … are found for the six provinces neighboring Hubei. We conclude that COVID-19 had ambiguous impacts on China's pollution …
Persistent link: https://www.econbiz.de/10012481670
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China's War on Pollution : Evidence from the First Five Years
Greenstone, Michael; He, Guojun; Li, Shanjun; Zou, Eric - National Bureau of Economic Research - 2021
pollution. This article describes the recent trends in air and water quality, with a focus on the five years since China … declared a "war on pollution" in 2014. It summarizes the emerging literature that has taken advantage of accompanying … pollution, and understand their social, economic, and health consequences …
Persistent link: https://www.econbiz.de/10012482683