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The Australian Pharmaceutical Subsidy Gambit : Transmuting Deadweight Loss and Oligopoly Rents to Consumer Surplus

Johnston, Mark; Zeckhauser, Richard - 2021

Australia pays less than other developed nations for her pharmaceuticals, about 45% as much as the United States. She …. Properly constructed, the game transfers significant oligopoly profits to the consumer. Australia's success -- she reaps …

Persistent link: https://www.econbiz.de/10013229834

Environmental Regulation, Investment Timing, and Technology Choice

Gray, Wayne B.; Shadbegian, Ronald John - 2021

We began this project interested in collecting real-world' insight about how environmental regulation affects the paper industry. Based on conversations with people in the industry and visits to paper mills, we formulated several hypotheses related to technology choice in new mills and the...

Persistent link: https://www.econbiz.de/10013221294

Optimal Pollution Abatement - Whose Benefits Matter, and How Much?

Gray, Wayne B.; Shadbegian, Ronald John - 2021

We examine measures of environmental regulatory activity (inspections and enforcement actions) and levels of air and water pollution at approximately 300 U.S. pulp and paper mills, using data for 1985-1997. We find that levels of air and water pollution emissions are affected both by the...

Persistent link: https://www.econbiz.de/10013224308

Plant Vintage, Technology, and Environmental Regulation

Gray, Wayne B.; Shadbegian, Ronald John - 2021

Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement operating costs for 1979-1990. We find a significant negative...

Persistent link: https://www.econbiz.de/10013243926

Horizontal Mergers in the Paper Industry

Pesendorfer, Martin - 2003

This paper examines mergers and acquisitions in the US paper and paperboard industry. This industry experienced a wave of horizontal mergers during the mid 1980s. We study implications of mergers on consumers, rival firms, and welfare. The analysis is based on a model of investment decisions. We...

Persistent link: https://www.econbiz.de/10012787032

Policy vs. Consumer Pressure : Innovation and Diffusion of Alternative Bleaching Technologies in the Pulp Industry

Popp, David - 2012

In the late 1980s and early 1990s, concern over dioxin in both paper products and wastewater led to the development of techniques that reduced the use of chlorine in the pulp industry. Both regulatory and consumer pressure motivated this change. We use patent data to examine the evolution of two...

Persistent link: https://www.econbiz.de/10012755323

The Economic Performance of Survivors after Layoffs : a Plant-Level Study

Ichniowski, Casey - 2021

This study tests for the empirical relationship between layoffs and the economic performance of workers who remain after the layoffs. Previous studies performed in laboratory settings have often found increases in the efficiency of workers after layoffs. This analysis is the first to test for...

Persistent link: https://www.econbiz.de/10013311924

Price Margins and Capital Adjustment : Canadian Mill Products and Pulp and Paper Industries

Bernstein, Jeffrey Ian - 2021

The purpose of this paper is to estimate a model incorporating noncompetitive behaviour in product and factor markets, In addition, capital accumulation is subject to adjustment costs so that firms are not constrained to be in long-run equilibrium. The model is applied to two major Canadian...

Persistent link: https://www.econbiz.de/10013313775

Misallocation, Selection and Productivity : A Quantitative Analysis with Panel Data from China

Adamopoulos, Tasso - 2017

factor misallocation in agriculture. We find that there are substantial frictions in both the land and capital markets linked … (misallocation) and (2) the allocation of workers across sectors, in particular the type of farmers who operate in agriculture … affecting occupational choices that worsen the distribution of productive units in agriculture …

Persistent link: https://www.econbiz.de/10012965435

Finance, Farms, and the Fed's Early Years

Carlin, Bruce Ian - 2017

hand-collected data on banking and agriculture in Illinois in the early 20th century. The mechanism for the Fed's effect on … agriculture was a bank credit channel, operating independently of any deflationary effect on money supply. Our findings suggest …

Persistent link: https://www.econbiz.de/10012953999