Showing 1 - 10 of 519
and Germany, and thereby assess the impact of increased pollution abatement capital regulation on productivity growth. Our … expenses incurred to satisfy these regulations, such as investment in pollution abatement capital, is unproductive in terms of … paper we construct a model which explicitly recognizes the difference between pollution abatement capital and "productive …
Persistent link: https://www.econbiz.de/10012477316
We provide a comparison of salient organizational features of primary markets for foreign government debt over the very long run. We focus on output, quality control, information provision, competition, pricing, charging, and signaling. We find that the market setup experienced a radical...
Persistent link: https://www.econbiz.de/10012463522
A liquidity-constrained entrepreneur needs to raise capital to finance a business activity that may cause injuries to third parties -- the tort victims. Taking the level of borrowing as fixed, the entrepreneur finances the activity with senior (secured) debt in order to shield assets from the...
Persistent link: https://www.econbiz.de/10012464464
Whereas the literature evaluating the effect of tort reforms has focused on reported incurred losses, this paper examines the long run effects using a comprehensive sample by state of individual firms writing medical malpractice insurance from 1984-2003. The long run effects of reforms are...
Persistent link: https://www.econbiz.de/10012466583
's perspective, even if the cost of preventing pollution was lower than the cost of the health damages produced. We then examine why …
Persistent link: https://www.econbiz.de/10012010571
The Amazon rainforests have been undergoing unprecedented levels of human-induced disturbances. In addition to local impacts, such changes are likely to cascade following the eastern-western atmospheric flow generated by trade winds. We propose a model of spatial and temporal interactions...
Persistent link: https://www.econbiz.de/10014337784
indicates that strengthening a country's institutions decreases its pollution through relocating dirty industries abroad, though … increases pollution in other countries. Fifth, cross-country differences in the composition of output between clean and dirty … countries have relatively high pollution levels …
Persistent link: https://www.econbiz.de/10014421193
We study exposure to pollution information and investment portfolio allocations, exploiting the rollout of air quality … are negatively related to local air pollution after a monitoring station appears nearby, with particularly pronounced … effects on ``alert'' dates when air quality is listed as harmful to the general population. The effect of pollution …
Persistent link: https://www.econbiz.de/10014421239
This paper sets out a general equilibrium pollution and trade model to provide a framework for examination of the trade … and environment debate. The model contains as special cases a canonical pollution haven model as well as the standard … Heckscher-Ohlin-Samuelson factor endowments model. We draw quite heavily from trade theory, but develop a simple pollution …
Persistent link: https://www.econbiz.de/10012470178
The 'pollution haven' hypothesis refers to the possibility that multinational firms, particularly those engaged in … the effect at the firm level. In addition, environmental standard of the host countries and pollution intensity of the … transition economies. With these improvements, we find some support for the 'pollution haven' hypothesis, but the overall …
Persistent link: https://www.econbiz.de/10012470253