Showing 1 - 10 of 1,928
Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the … first aspect and shows the importance of the relative price effect, for given growth rates of consumption and ecosystem … services. This paper focuses on intermediate ecosystem services in production and shows that for limited substitutability and a …
Persistent link: https://www.econbiz.de/10012892067
I examine a policy-making game among countries that must choose both a policy instrument (e.g., a tax or a quota) and its intensity (i.e., the tax rate or the quota level) to price pollution. When countries price pollution non-cooperatively, they not only set the intensity inefficiently, they...
Persistent link: https://www.econbiz.de/10012834363
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three … species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity … generates, in turn, a flow of ecosystem services with public-good characteristics for human consumption. The ecosystem submodel …
Persistent link: https://www.econbiz.de/10010276166
Does the composition of governance affect firm outcomes? We exploit the timings and thresholds of a gender quota in boards of directors and supervisory boards to causally determine the impact of a change in leadership on performance. Using a novel design and data on boards, we find that firms...
Persistent link: https://www.econbiz.de/10014081427
between nations. Production of output necessarily involves pollution and degrading the environment. Therefore, environmental …? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …
Persistent link: https://www.econbiz.de/10012839360
Weitzman's Dismal Theorem has that the expected net present value of a stock problem with a stochastic growth rate with unknown variance is unbounded. Cost-benefit analysis can therefore not be applied to greenhouse gas emission control. We use the Generalized Central Limit Theorem to show that...
Persistent link: https://www.econbiz.de/10013239336
This paper presents a first model integrating the relation between biodiversity loss and zoonose pandemic risks in a … preserve a greater quantity of biodiversity, thus decreasing the probability of a pandemic occurring, and second (mitigation … biodiversity conservation is shown to be more relevant for more “forward looking” societies, with a small discount rate and a high …
Persistent link: https://www.econbiz.de/10012824824
This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...
Persistent link: https://www.econbiz.de/10014346959
This paper uses unique Finnish firm-level micro data on service imports, work-force composition, and firm characteristics to examine changes in employment composition and performance of Finnish service importers during a period of a significant increase in services imports (2002-2012). We use...
Persistent link: https://www.econbiz.de/10012861415
Service inputs are a key component of the costs of exporting, and contribute to explain the process of internationalization of firms. A new dataset on the participation of French firms in global value chains reveals that firms with longer export experience in a market are more likely to source...
Persistent link: https://www.econbiz.de/10013224075