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Estimating the Impact of Restructuring on Electricity Generation Efficiency : The Case of the Indian Thermal Power Sector
Malik, Kabir - 2011
India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from …
Persistent link: https://www.econbiz.de/10012461275
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Options-Pricing Formula with Disaster Risk
Barro, Robert J. - 2016
A new options-pricing formula applies to far-out-of-the money put options on the overall stock market when disaster risk is the dominant force, the size distribution of disasters follows a power law, and the economy has a representative agent with Epstein-Zin utility. In the applicable region,...
Persistent link: https://www.econbiz.de/10012456784
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Chernobyl's Subclinical Legacy : Prenatal Exposure to Radioactive Fallout and School Outcomes in Sweden
Almond, Douglas - 2007
Japanese atomic bomb survivors irradiated 8-25 weeks after ovulation subsequently suffered reduced IQ [Otake and Schull, 1998]. Whether these findings generalize to low doses (less than 10 mGy) has not been established. This paper exploits the natural experiment generated by the Chernobyl...
Persistent link: https://www.econbiz.de/10012465305
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The Value of Transmission in Electricity Markets : Evidence from a Nuclear Power Plant Closure
Davis, Lucas - 2014
Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to be made cost-effectively. In this paper, we exploit the abrupt closure of the San Onofre Nuclear Generating Station (SONGS) in February 2012. During the previous decade, SONGS...
Persistent link: https://www.econbiz.de/10012458479
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A Factor Model For Option Returns
Buechner, Matthias; Kelly, Bryan T. - National Bureau of Economic Research - 2021
Due to their short lifespans and migrating moneyness, options are notoriously difficult to study with the factor models commonly used to analyze the risk-return trade-off in other asset classes. Instrumented principal components analysis solves this problem by tracking contracts in terms of...
Persistent link: https://www.econbiz.de/10012660047
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Creative Destruction, Distance to Frontier, and Economic Development
Peters, Michael; Zilibotti, Fabrizio - National Bureau of Economic Research - 2021
remain small. We estimate the parameters of the model using firm-level data for India and the United States. We study the …
Persistent link: https://www.econbiz.de/10012660011
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Big Push in Distorted Economies
Buera, Francisco; Hopenhayn, Hugo Andrés; Shin, Yongseok; … - National Bureau of Economic Research - 2021
complementarity. This amplification enables our model to nearly fully account for the income gap between India and the US without …
Persistent link: https://www.econbiz.de/10012496114
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Culture, Institutions and Social Equilibria : A Framework
Acemoglu, Daron; Robinson, James A. - National Bureau of Economic Research - 2021
This paper proposes a new framework for studying the interplay between culture and institutions. We follow the recent sociology literature and interpret culture as a \repertoire", which allows rich cultural responses to changes in the environment and shifts in political power. Specifically, we...
Persistent link: https://www.econbiz.de/10012533381
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Measuring Changes in the Bilateral Technology Gaps between China, India and the U.S. 1979 - 2008
Shen, Keting - 2015
's technology gaps both with the U.S. and India between 1979 and 2008, comparing the technology level of these economies using a CES … India and the U.S. for the period before 2008. The pairwise gaps between the U.S. and China, and the U.S. and India remain … productivity than India over the period, the bilateral technology gap between China and India is still in India's favor. India had …
Persistent link: https://www.econbiz.de/10012457012
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications … of the spatial equilibrium hypothesis, the central organizing idea of urban economics, are not rejected. The India data …
Persistent link: https://www.econbiz.de/10012456671