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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

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

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

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

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

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

The organization of firms across countries

Bloom, Nicholas - 2009

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters...

Persistent link: https://www.econbiz.de/10012463521

Firms, Contracts, and Trade Structure

Antràs, Pol - 2003

Roughly one-third of world trade is intrafirm trade. This paper starts by unveiling two systematic patterns in the volume of intrafirm trade. In a panel of industries, the share of intrafirm imports in total U.S. imports is significantly higher, the higher the capital intensity of the exporting...

Persistent link: https://www.econbiz.de/10012468958

International Trade and the Environment : Three Remaining Empirical Challenges

Cherniwchan, Jevan M.; Taylor, Michael Scott - National Bureau of Economic Research - 2022

Considerable progress has been made in our understanding of the relationship between international trade and the environment since Gene Grossman and Alan Krueger published their now seminal working paper examining the potential environmental effects of the North American Free Trade Agreement in...

Persistent link: https://www.econbiz.de/10013210048

Pollution Trends and US Environmental Policy : Lessons from the Last Half Century

Shapiro, Joseph S. - National Bureau of Economic Research - 2021

This article proposes and evaluates four hypotheses about US pollution and environmental policy over the last half … century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has …

Persistent link: https://www.econbiz.de/10012696387

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