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Work From Home and the Office Real Estate Apocalypse
Gupta, Arpit; Mittal, Vrinda; Nieuwerburgh, Stijn van - National Bureau of Economic Research - 2022
We study the impact of remote work on the commercial office sector. We document large shifts in lease revenues, office occupancy, lease renewal rates, lease durations, and market rents as firms shifted to remote work in the wake of the Covid-19 pandemic. We show that the pandemic has had large...
Persistent link: https://www.econbiz.de/10013388882
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Regulation Versus Taxation
Alesina, Alberto F. - 2010
We study which policy tool and at what level a majority chooses in order to reduce activities with negative externalities. We consider three instruments: a rule, that sets an upper limit to the activity which produces the negative externality, a quota that forces a proportional reduction of the...
Persistent link: https://www.econbiz.de/10012462243
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Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage
Fowlie, Meredith - 2008
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly … regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the …
Persistent link: https://www.econbiz.de/10012464226
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Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market
Mansur, Erin T. - 2007
market. Air pollution fell substantially during 1999, the year in which both electricity restructuring and new environmental … regulation took effect. I find that strategic firms reduced their emissions by approximately 20% relative to other firms and … pollution reductions. The remaining third can be attributed to firms exercising market power …
Persistent link: https://www.econbiz.de/10012465135
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Regulation of Health, Safety, and Environmental Risks
Viscusi, W. Kip - 2006
regulation. Guided by restrictive legislative mandates, regulatory policies often strike a quite different balance with an … policy efforts. Inadequate regulatory enforcement and behavioral responses to regulation may limit their effectiveness, while …
Persistent link: https://www.econbiz.de/10012466737
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Tax and Subsidy Combinations for the Control of Car Pollution
Fullerton, Don - 2000
Despite technological advances, an individual car's emissions still cannot be measured reliably enough to impose a Pigovian tax. This paper explores alternative market incentives that could be used instead. We solve for second-best combinations of uniform taxes on gasoline, engine size, and...
Persistent link: https://www.econbiz.de/10012470976
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Controlling Stocks and Flows to Promote Quality : The Environment, With Applications to Physical and Human Capital
Keohane, Nathaniel O. - 2000
Our analysis melds two traditional approaches to promoting quality. The first is restoring the stock of quality. The second is curbing its flow of deterioration. Although both approaches are widely used in real world settings, analytic models have tended to focus on one strategy or the other. We...
Persistent link: https://www.econbiz.de/10012471023
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The Environmental Regime in Developing Countries
Jha, Raghbendra - 1999
This paper discusses the environmental externalities that are commonly found in the developing world (the environmental regime) along with the policy responses, if any, commonly used to deal with these. Included are the effects of industrial emissions, air and water quality impacts of untreated...
Persistent link: https://www.econbiz.de/10012471479
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The Effects of Environmental Policy on the Performance of Environmental RIVs
Katsoulacos, Yannis - 1999
pollution are low. In this case RJVs fully share information and internalize the associated externality. However when the level …
Persistent link: https://www.econbiz.de/10012471483
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Environmental Liabilities, Creditors, and Corporate Pollution : Evidence from the Apex Oil Ruling
Chen, Jianqiang; Hsieh, Pei-Fang; Hsu, Po-Hsuan; … - National Bureau of Economic Research - 2022
, and reduced corporate pollution among firms that (a) release the specific chemicals covered by Apex and (b) are close to … suggest that creditors rapidly responded to Apex and successfully induced firms to reduce pollution …
Persistent link: https://www.econbiz.de/10012938709