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Persistent link: https://www.econbiz.de/10003321682
"In principle, a multiproduct firm can set separate prices for all possible bundled combinations of its products (i.e., "mixed bundling"). However, this is impractical for firms with more than a few products, because the number of prices increases exponentially with the number of products. In...
Persistent link: https://www.econbiz.de/10003686350
Persistent link: https://www.econbiz.de/10003966341
In principle, a multiproduct firm can set separate prices for all possible bundled combinations of its products (i.e., quot;mixed bundlingquot;). However, this is impractical for firms with more than a few products, because the number of prices increases exponentially with the number of...
Persistent link: https://www.econbiz.de/10012759409
Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the cross-section of average returns. Profitable firms generate significantly higher average returns than unprofitable firms, despite having, on average, lower book-to-markets and...
Persistent link: https://www.econbiz.de/10013144171
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...
Persistent link: https://www.econbiz.de/10012752291
This paper surveys the recent literature exploring the causes of urban pollution in the developing world and the … implications of such pollution for a city's competitiveness. Within a system of cities, cities compete for jobs and people. Those … pollution inhibit urban competitiveness? Second, why is this effect likely to grow in importance over time? Third, why have …
Persistent link: https://www.econbiz.de/10012005055
Persistent link: https://www.econbiz.de/10011744081
's perspective, even if the cost of preventing pollution was lower than the cost of the health damages produced. We then examine why …
Persistent link: https://www.econbiz.de/10012946500
become and remain competitive. Although many studies have focused on these negative effects, the links between pollution and … pollution and city growth, and how it correlates with city competitiveness. Although high-income cities are usually better at … managing pollution, the paper finds successful examples of fast-growing, lower-income cities that are able to tackle this issue …
Persistent link: https://www.econbiz.de/10012005060