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We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the...
Persistent link: https://www.econbiz.de/10012267140
In the intensifying public debate about limiting the harmful effects of climate change, many global corporations have recently articulated so-called “net-zero” goals for reducing and ultimately eliminating their own greenhouse gas emissions. We first examine the details ofthe carbon...
Persistent link: https://www.econbiz.de/10012549037
Although information and communication technologies (ICT) consume energy themselves, they are considered to have the …
Persistent link: https://www.econbiz.de/10012816326
The ongoing digital transformation has raised hopes for ICT-based climate protection within manufacturing industries, such as dematerialized products and energy efficiency gains. However, ICT also consume energy as well as resources, and detrimental effects on the environment are increasingly...
Persistent link: https://www.econbiz.de/10013463252
Despite the importance for socio-economic outcomes, there is an ongoing debate about the stability of personality traits over the life cycle. By disentangling age, period and cohort influences on personality traits, this paper adds to the existing empirical contributions, which often focus on...
Persistent link: https://www.econbiz.de/10012139018
Arguing that in the real world relatively optimistic inexperienced investors are prey for relatively pessimistic veteran traders, we formalize this intuitive conjecture as a proven proposition in a simple model. This agreement to disagree leads to a perpetual bubble, in which more experienced,...
Persistent link: https://www.econbiz.de/10012064782
In the Solidarity game lucky winners of a lottery can transfer part of their income to unlucky losers. Will losers get smaller transfers if they can be assumed to be responsible for their zero income because they have chosen riskier lotteries? Or will risk-lovers and riskaverters favor those who...
Persistent link: https://www.econbiz.de/10009782666
Informal exchange of information among competitors has been well-documented in a variety of industries, and one …'s expectation of reciprocity shown to be a key determinant. We use an indeterminate horizon centipede game to establish a feedback … stronger effect on information ows than reducing environmental uncertainty (about the competitor's ability). We further show …
Persistent link: https://www.econbiz.de/10012055632
In the current paper, we quantify the effect that fuel prices have on vehicle prices' responsiveness to fuel economy. We apply a hedonic price model to the German automobile market by using data on detailed technical specifications of high-sales vehicles of three sequential model years. In the...
Persistent link: https://www.econbiz.de/10011975298
The manufacturing sector accounts for a substantial share of German GDP, employment and carbon emissions. Therefore, the manufacturing sector's energy use and carbon emissions are of crucial importance for reaching Germany's climate goals. In this paper, we analyse energy use patterns in German...
Persistent link: https://www.econbiz.de/10012167058