Showing 1 - 10 of 2,567
We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South-East of England in conjunction with an universal metering programme. We document how inertia leads customers to relinquish substantial financial gains, with less than a third of...
Persistent link: https://www.econbiz.de/10011844885
In retaliating against Trump’s March 2025 imposition of import tariffs on EU aluminum and steel, the EU’s response … should be twofold: one, at the EU level, to apply retaliatory tariffs and negotiations, and two, to support country …-level efforts to minimize the impact of tariffs, including external substitution. We point out that the EU does not, however, at …
Persistent link: https://www.econbiz.de/10015330232
The analysis of the effects of firm-level international trade on wages has so far focused on the role of exports, which are also typically treated as a composite good. However, we show in this paper that firm-level imports can actually be a wage determinant as important as exports. Furthermore,...
Persistent link: https://www.econbiz.de/10003931298
This paper presents a tractable formalization and an empirical investigation of the quality-complementarity hypothesis, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this complementarity in a general-equilibrium trade model with...
Persistent link: https://www.econbiz.de/10003794048
The fear of massive job losses has prompted a fast-growing literature on offshoring and its impact on employment in advanced economies. This paper examines the situation for Belgium. It improves the offshoring intensity measure by computing a volume measure of the share of imported intermediates...
Persistent link: https://www.econbiz.de/10003845165
This paper studies how increases in energy input costs for production are split between consumers and producers via changes in product prices (i.e., pass-through). We show that in markets characterized by imperfect competition, marginal cost pass-through, a demand elasticity, and a price-cost...
Persistent link: https://www.econbiz.de/10011476284
This paper investigates the relationship between China’s import competition and the innovation strategies of domestic firms. Using firm level data from Italy spanning 2005-2010 and employing IV fixed effects estimation techniques, we find that the impact of China’s import competition on...
Persistent link: https://www.econbiz.de/10015327680
trade shocks on product and labor market power, we exploit China's reductions in input and output tariffs upon its accession … and labor market power. Reducing tariffs on intermediate inputs has increased a firm's price-cost markup but decreased the …
Persistent link: https://www.econbiz.de/10012169328
Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …
Persistent link: https://www.econbiz.de/10001545528
In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only people with the highest ability are cloned, while people at...
Persistent link: https://www.econbiz.de/10001545534