Showing 1 - 10 of 332
We summarize the economics of recycling municipal solid waste. OECD data suggest that aggregate recycling rates in … member countries have plateaued in recent decades. United States recycling rates for some materials remain low, even after … decades of learning and participation. Major new policies may be required to increase recycling rates. Aggregate recycling …
Persistent link: https://www.econbiz.de/10015072922
Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute...
Persistent link: https://www.econbiz.de/10012471474
This paper presents a structural model of production and inventory accumulation based on the hypothesis of cost minimization. It differs from previous attempts in several respects. First, it integrates the analysis of input inventories with output inventories, treating the two stocks separately....
Persistent link: https://www.econbiz.de/10012478645
This paper analyses the effect of a firm's organizational capacity on the reported profitability of multinational enterprises (MNEs). Better organizational practices improve productivity and the potential taxable profits of firms. However, higher adoption of these practices may also enable more...
Persistent link: https://www.econbiz.de/10012629445
We develop continuous-time models of capacity choice when demand fluctuates stochastically, and the firm's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or with the amount of capacity already installed. The firm's...
Persistent link: https://www.econbiz.de/10012472445
In an unregulated electricity generation market, the degree to which generators in" different locations compete with one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission capacity on competition among" generators. We show that...
Persistent link: https://www.econbiz.de/10012472520
The increasing importance of intermittent renewable energy sources suggests a growing importance for energy storage as a way of smoothing the variable output. In this paper I investigate factors affecting the amount of energy storage needed, including the degree of intermittency and the...
Persistent link: https://www.econbiz.de/10012455928
battery recycling to Mexico and on infant health in Mexico. In the U.S., airborne lead dropped sharply near affected plants …, most of which were battery-recycling plants. Exports of used batteries to Mexico rose markedly. In Mexico, production … increased at battery-recycling plants, relative to comparable industries, and birth outcomes deteriorated within two miles of …
Persistent link: https://www.econbiz.de/10012616594
The average cash to assets ratio for U.S. industrial firms increases by 129% from 1980 to 2004. Because of this increase in the average cash ratio, American firms at the end of the sample period can pay back their debt obligations with their cash holdings, so that the average firm has no...
Persistent link: https://www.econbiz.de/10012466129
"This paper analyzes job flows in a sample of 16 industrial and emerging economies over the past decade, exploiting a harmonized firm-level dataset. It shows that industry and firm size effects (and especially firm size) account for a large fraction in the overall variability in job flows....
Persistent link: https://www.econbiz.de/10010521324