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Do Prices Determine Vertical Integration? Evidence from Trade Policy

Alfaro, Laura; Conconi, Paola; Fadinger, Harald; … - C.E.P.R. Discussion Papers - 2012

What is the relationship between product prices and vertical integration? While the literature has focused on how integration affects prices, this paper shows that prices can affect integration. Many theories in organizational economics and industrial organization posit that integration, while...

Persistent link: https://www.econbiz.de/10011084043

Relational Contracts and Property Rights

Blonski, Matthias; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2002

We propose a general framework for analyzing and comparing ownership structures with respect to creating incentives for co-operative behavior (e.g. efficient investment) in long-run relationships. We generalize models by Garvey (1995), Halonen (2002), and Baker, Gibbons and Murphy (2002) and...

Persistent link: https://www.econbiz.de/10005792045

Financial Constraints and the Costs and Benefits of Vertical Integration

Macchiavello, Rocco - C.E.P.R. Discussion Papers - 2007

Does vertical integration reduce or increase transaction costs with external investors? This paper analyzes an incomplete contracts model of vertical integration in which a seller and a buyer with no cash need to finance investments for production. The firm is modeled as a "nexus of contracts"...

Persistent link: https://www.econbiz.de/10005661896

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

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

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