Showing 1 - 10 of 1,102
railway container facilities to construct a time-varying bilateral technology variable and estimate its effect on explaining …
Persistent link: https://www.econbiz.de/10009712458
We quantify the effect of container technology on transport costs and trade by estimating the modal choice between … containerization and breakbulk shipping using micro-level trade data. The model is motivated by novel facts that relate container usage … to shipment, destination and firm characteristics. We find container transport to have a higher first-mile cost and a …
Persistent link: https://www.econbiz.de/10011597265
trade relies on container shipping. This paper introduces a new monthly index of the volume of container trade to and from …%. The difference is mainly accounted for by unexpected reductions in frictions in the container shipping market. …
Persistent link: https://www.econbiz.de/10012550202
This paper exploits exogenous features of the 1960s/70s container revolution to estimate the impact of the introduction … of refrigerated containers (or reefers) on new trade of temperature sensitive products. Our identification strategy is … pharmaceuticals, photo film and sensitive instruments. Our study combines previously collected data on variations in the container …
Persistent link: https://www.econbiz.de/10011536160
Persistent link: https://www.econbiz.de/10003688879
The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...
Persistent link: https://www.econbiz.de/10009511761
We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in the damage coefficient. The model allows the full dynamic characterization of the optimal emission policies under uncertainty. The results, that imply prudent behavior due to...
Persistent link: https://www.econbiz.de/10009489041
We show that the standard Value Function Iteration (VFI) algorithm has difficulties approximating models with jump discontinuities in policy functions. We find that VFI fails to accurately identify the location and size of jump discontinuities while other methods - such as the Endogenous Grid...
Persistent link: https://www.econbiz.de/10010366210
We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...
Persistent link: https://www.econbiz.de/10002738411
We propose a new method for solving high-dimensional dynamic programming problems and recursive competitive equilibria with a large (but finite) number of heterogeneous agents using deep learning. The "curse of dimensionality" is avoided due to four complementary techniques: (1) exploiting...
Persistent link: https://www.econbiz.de/10012581353