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The Influence of the Financial Revolution on the Nature of Firms

Rajan, Raghuram G; Zingales, Luigi - C.E.P.R. Discussion Papers - 2001

Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bona fide ‘financial revolution’. In this article, we focus on the impact the financial revolution has had on the way firms are (or should be) organized and...

Persistent link: https://www.econbiz.de/10005789143

Corporate Borrowing and Financing Constraints

Inderst, Roman; Mueller, Holger M - C.E.P.R. Discussion Papers - 2001

This Paper adopts an optimal contracting approach to internal capital markets. We study the role of headquarters in contracting with outside investors, with a focus on whether headquarters eases or amplifies financing constraints compared to decentralized firms where individual project managers...

Persistent link: https://www.econbiz.de/10005656293

Vog: Using Volcanic Eruptions to Estimate the Health Costs of Particulates and SO2

De Paula, Áureo; Halliday, Timothy J.; Lynham, John - C.E.P.R. Discussion Papers - 2015

Kilauea volcano is the largest stationary source of SO2 pollution in the United States of America. Moreover, the SO2 … pollution variation to estimate the impact of particulate matter and SO2 on emergency room admissions and costs in the state of … evidence that particulate pollution increases pulmonary-related hospitalization. Specifically, a one standard deviation …

Persistent link: https://www.econbiz.de/10011252621

Environmental Impacts of a North American Free Trade Agreement

Grossman, Gene; Krueger, Alan B - C.E.P.R. Discussion Papers - 1992

. We investigate whether the size of pollution abatement costs in US industry influences the pattern of international trade … effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico. …

Persistent link: https://www.econbiz.de/10005791657

Pollution and Growth: What Do We Know?

Grossman, Gene - C.E.P.R. Discussion Papers - 1993

water quality. Pollution may rise with growth, because an increased scale of economic activity means more emissions, ceteris … pollution there is no evidence at all that a turning point has yet been reached. The paper goes on to discuss the economic …

Persistent link: https://www.econbiz.de/10005498085

Acid Rain

Newbery, David M G - C.E.P.R. Discussion Papers - 1990

current agreement on uniform reductions from 1980 levels is inefficient and costly. The evidence suggests that SO2 pollution …

Persistent link: https://www.econbiz.de/10005281281

Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the Environment

Hughes, Gordon - C.E.P.R. Discussion Papers - 1990

Widespread concern has been expressed that the costs of reducing environmental pollution in Eastern Europe will divert …

Persistent link: https://www.econbiz.de/10005281413

Does Supporting Passenger Railways Reduce Road Traffic Externalities?

Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

reduce the number of severe road traffic accidents, carbon monoxide, nitrogen monoxide, nitrogen dioxide pollution and infant …

Persistent link: https://www.econbiz.de/10011083939